MSB Compliance | Outlier Solutions

CMSBA 2025 Fall Conference

The Canadian MSB Association 2025 Fall Conference brings together industry professionals from MSBs, payment service providers, fintech, armoured car services, regtech and more. Over two days, attendees will engage in sessions exploring:

Implementation of the March 2025 PCMLTFA amendments
RPAA supervision go-live and lessons learned so far
New reporting expectations for STRs, EFTRs, sanctions, and beneficial ownership
Operational risk frameworks and incident response under RPAA/R
Approaches to safeguarding end-user funds via trust, insurance, or guarantees
Challenges around financial access, de‑risking, and bank onboarding in the evolving landscape

Attendees can expect a mix of insights, best practices, and peer networking across both in-person and virtual formats. Join over 200+ professionals from across MSBs, fintech, regtech, armoured car services, and more.

Registration/More Info: Buy your ticket here

ACAMS Toronto Chapter Virtual Event — “The Regulatory Landscape of Money Service Businesses (MSBs) and Financial Crime in Canada”

Join Divya Bhaktha of Outlier Compliance Group as she speaks on the regulatory challenges and evolving compliance landscape facing MSBs in Canada. This virtual session will dive into best practices, emerging trends, and enforcement priorities when it comes to financial crime in the MSB sector.

Key topics include:

Current regulatory expectations for MSBs in Canada
Recent enforcement trends and case studies
Strategies for strengthening compliance programs
Emerging risks and future developments

Whether you’re in the MSB space or advising clients in high-risk sectors, this session will provide valuable insights and practical guidance.

Hosted by: ACAMS Toronto Chapter
Register or get more info here.

Outlier Compliance Group welcomes Daniel Dobre!

The Outlier Compliance Group team is thrilled to welcome our newest member, Daniel Dobre.

Daniel brings a wealth of banking compliance experience, most recently as Director Anti-Money Laundering, Financial Crime Oversight at Royal Bank of Canada.

Daniel’s Bio

Daniel joins the Outlier team with more than 18 years of compliance experience working within the Financial Institution sector. A seasoned professional, Daniel brings a strong background in regulatory compliance and risk expertise. Throughout his career, he has held senior oversight roles in financial crime and regulatory compliance, leading the design and execution of monitoring and testing programs, and developing and enhancing compliance methodologies. His work has included oversight of second line reviews, implementation of AML/ATF systems and processes, execution of risk assessments all with a strong focus on stakeholder engagement, communication and building strong business relationships.

Daniel recognized early in his career that compliance was the path he wanted to pursue. Following a management trainee program that provided exposure to various areas of banking, he chose to join the compliance team, despite strong interest from several other departments. While doing branch compliance reviews for four years, Daniel realized that anti-money laundering is what he is most passionate about and made it his goal to grow in this field. After moving to Canada, Daniel was determined to re-enter the compliance field, which he successfully achieved in 2010. After a few years of growing his experience within compliance, operations, and internal controls, he had the opportunity to join the CAMLO of a financial institution to enhance their AML program following a regulator’s exam. Among his key accomplishments were the successful development and implementation of a real-time customer name screening process, as well as the design and rollout of a transaction monitoring system and an associated alert investigation process.

Daniel’s passion for financial crime risk led him to join a major bank, where he was able to gain valuable experience while leading, monitoring, and testing reviews over the financial crime risks, controls and associated regulations for all lines of business and functions within the bank. He later spearheaded the design and implementation of an integrated monitoring and testing (assurance) program, covering both financial crime and regulatory compliance risks, while overseeing testing teams across 3 continents. During this time, Daniel also became CAMS and ICA certified, and is looking forward to helping make a difference in the financial crime industry by ensuring that all customers are operating safely and in accordance with the regulatory requirements.

As with all our consultants, Daniel has deep subject matter expertise and supports Outlier’s mission statement “good compliance can enable good business”. He is passionate about compliance and risk management, and believes that businesses can be successful and compliant at the same time.

Please join us in welcoming Daniel!

He’ll be attending the Futurist conference in Toronto as his first official Outlier event coming up on May 13, 2025. Please say hello and welcome him to the team.

Outlier Compliance Group welcomes Divya Bhaktha!

The Outlier Compliance Group team is thrilled to welcome our newest member, Divya Bhaktha.

Divya brings deep money services business (MSB) and banking experience.

Divya’s Bio

Divya joins the Outlier team with more than 15 years compliance experience working within the Money Services Business and Financial Institution sector. Throughout her career she has held both operational and oversight roles managing regulatory compliance and risk, contributing to the development and implementation of policies and procedures, conducting comprehensive internal compliance audits, effectiveness reviews, risk assessments and the training of team members, senior management and executives; with proven strengths in communication and building strong business relationships.

Divya got into compliance after a short role in accounting, her initial step into the world of AML/ATF was in 2009 when she was given an opportunity to handle the Compliance program for an MSB. In the same year, she gained her ACAMS designation and subsequently attended several ACAMS and MSB conferences to strengthen her knowledge. Once exposed to this world there was no looking back. She started by understanding the societal impact of money laundering and terrorist financing, the critical need for regulations and importance of compliance.

Her passion to get a broader exposure led her to gain experience at an FI and also in the crypto space. It was while working at the FI, that she became aware of something called “Bitcoin” which piqued her interest in crypto. Her experience has provided her with insights into the perspectives and challenges of both the MSB and FI sectors. She is enthusiastic about rethinking problems to uncover solutions and make operational success a reality.

As with all our consultants, Divya has deep subject matter expertise and supports Outlier’s mission statement “good compliance can enable good business”. She is passionate about compliance and risk management, and believes that businesses can be successful and compliant at the same time.

Please join us in welcoming Divya!

She’ll be attending the Futurist conference in Toronto as her first official Outlier event. Please say hello and welcome her to the team.

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