Anti-Money Laundering
Consulting Services & Strategies

0 Items - Total: $0.00 CAD

Are On Demand Products Right For You?

For certain industries, including dealers in precious metals and stones (DPMSs) and real estate, Outlier’s on-demand products are anti-money laundering (AML) and counter terrorist financing (CTF) programs that you can buy, customize online using our set up wizard, and download in fully customizable formats.

These can be purchased as single elements (Policies & Procedures, Risk Assessments, Training, Compliance Effectiveness Reviews) or bundled to save you money.

Why On Demand Products

Outlier’s Founder, Amber D. Scott, noticed two things that made her believe that on-demand products could help Canadian reporting entities. First, for many small and medium sized businesses, there are very similar business models and risk profiles. Second, many businesses don’t have the means to pay for consulting services but have the same obligations as larger reporting entities. She had a vision of creating a model that could level the playing field by making it easier for these businesses to create plain language documents in an affordable way.

Are On Demand Products Right For You?

While we’ve worked to keep the on demand products as plain language as possible, they will still require you to be able to read and understand the content and adjust them for your business model and compliance processes. You’ll also need to review and update them regularly (once a year – no matter what, and more often if Canadian laws and/or your business models change).

These program elements can save you money by providing a customizable framework for you to work with, but you’ll need to put in the time and effort to customize them and keep them up to date.

What If You Download A Product And Need Help?

If you’ve downloaded on demand products and you’re stuck, we can help. Please contact us and let us know what you need. In your request, include the product that you’ve purchased and describe the problem that you’re trying to solve. We’ll get back you within two business days. If you need help sooner, please mark your request as urgent, and we’ll do our best to get back to you sooner.

Is Outlier The Only Company That Can Help?

There are a number of professionals in Canada that can help you customize your program, including consultants, lawyers and Compliance Officers working in your field. Using Outlier’s on demand product doesn’t mean that we’re the only people that can work with you, in fact, we believe that competition makes us all better at what we do.

How Do I Buy On Demand Products?

You can buy our on demand products through this website using a credit card. Start by selecting the type of reporting entity that you are to view the products that are currently available.

If you’re looking for something that doesn’t seem to be on the list, please contact us.

Fixed Fee AML Reviews For Jewellers

One of the first blog posts that we published was “How to Negotiate Your Consulting Contracts Like A Pro.” We’ve been working closely with the Canadian Jeweller’s Association (CJA) and Jeweller’s Vigilance Canada (JVC), and we’re happy to announce two things that we think will help small and mid sized dealers in precious metals and stones (DPMSs) do just that.

Outlier has updated our no hassle fixed-fee pricing for AML Compliance Effectiveness Reviews for DPMSs. The pricing listed on this page is guaranteed to Canadian DPMS businesses through December 2019.

No Hassle, Fixed-Fee AML Compliance Effectiveness Review Pricing

All DPMSs are required to have AML Compliance Effectiveness Reviews at least every two years. These reviews involve a review and assessment of your compliance program and operational testing. DPMSs receive a formal review report, and Senior Management must provide sign off on the final report within 30 days of the day it’s issued.

While Canadian legislation permits DPMSs to conduct self-reviews (CJA and JVC members can access templates to conduct a self-review here free of charge), some banking service providers require their DPMS clients to use an external reviewer.

To make things easier for Canadian businesses, we’re introducing no hassle pricing. To calculate where you fall on the chart, just add up the number of employees and locations (retail, commercial and/or office).

Number of Employees & Locations* AML Compliance Effectiveness Review Price CJA & JVC Member Special Price**
1 – 2 5,000 4,000
3 – 5 5,500 4,400
6 – 10 6,000 4,800
10 – 20 6,500 5,200
21 + 7,000 5,600

All prices are subject to applicable taxes. Additional fees apply for staff travel and administration related to the sorting of paper documents (where applicable).

*If you have part-time or seasonal employees, count two part-time employees as one employee. Include business owners who are active in running the business as employees. Count each location and/or website as one employee. If you’re not sure about the calculation, feel free to contact us.

**Proof of membership is required.

CJA and JVC Member Savings

If you’re not a member of either CJA or JVC  yet, but like saving money you can learn more and become a member at:

Canadian Jeweller’s Association

Jeweller’s Vigilance Canada

Coast to Coast to Coast

Our Canadian team is here to serve DPMSs in all parts of Canada.

If we don’t have a consultant near you, we will keep costs low by conducting your review remotely. To do this, we will review electronic copies of your compliance program and data. You’ll even be able to see us face to face on Skype calls.

Disclaimers

Outlier cannot be considered an “external reviewer” if we have designed your compliance program or conducted annual training with your staff. In some cases, banking service providers require that you have an external reviewer. Some banking service providers also have specific lists of reviewers whose work they will accept. Please check with your banking service provider to ensure that our review will be acceptable for their purposes.

Need a Hand?

If you’re ready to schedule a review or would like more information please contact us.

Return to Blog Listing


PROCESSING...