Apaylo’s Top 3 Compliance Consulting Partners (seriously)

Look I get it. You’re thinking to yourself. Compliance?

Comliance Meme

Trust me. You can save big dollars , using sense .

This is even more true when you work in heavily regulated industries like financial services and partner with industries that are kind of out there…Crypto, online gaming, cannabis, money services businesses (the list goes on). For Apaylo, compliance is key to our business model and that is why we have quickly become one of Canada’s top payment processing companies, and have been recognized as one of the best fraud detection startups in Canada, making the world a safer place.

Telemessage.com, an Israel-based business mobile messaging service provider, lists 5 Ways to Ensure Regulatory Compliance in Financial Services and we want to talk about our favourite one. What can give you a competitive edge in your industry? It’s no secret. Darn good compliance.


So what are the 5 ways?

  1. Ensure That Clear Written Supervisory Procedures Are in Place
  2. Ensure C-Level Executives Understand The Archiving Standards
  3. Consult With Industry Experts
  4. Invest in An Enterprise Mobile Archiving Platform
  5. Be Prepared for a Regulatory Audit


In today’s blog we want to look specifically at number 3 on the list: Consult with industry experts. Regulatory bodies exist to protect Canadian payments and when you want the best protection for what is most valuable (like your business), hiring experts gives you the time to manage what you are expert at (your business) and entrust others with their expertise. Compliance experts are there to help. They love compliance. They love policy. They LOVE keeping up-to-date with all the things that cause your eyes to glaze over. When a new law or policy comes into effect, you will see them at the front of the line, trustworthy, courageous and ready for action. Definitely someone you want on your side.

In no particular order we at Apaylo wanted to share with you our Top 3 Compliance Consulting Partners*.  These are the ones we think are doing their best for Apaylo, and might just be able to help you as well


Outlier Solutions (https://www.outliercanada.com/)


This team of ninjas, (no really, they call themselves compliance ninjas) specialize in helping industries that are regulated for anti-money laundering (AML) in Canada and are arguably some of the coolest compliance folks that we know. Founded in 2013, and based in Toronto, ON Canada, their years of experience have elevated them to the top of the list when considering compliance services for your company. They make compliance cool, are easy to talk to and can help in a variety of industries.


The AML Shop (https://www.theamlshop.ca/)

Practical Experts. Trusted by regulators, the regulated and their financial institutions, The AML Shop empowers businesses across various sectors with a wide breadth of informed and strategic regulatory anti-money laundering support services. With offices in Toronto and Ottawa and a staff of 25 acclaimed AML professionals, this all-star team specializes in helping clients manage risk, maximize opportunities and achieve and maintain compliance. The AML Shop is widely regarded for their advisory services, training program design, outsourced services, digital KYC innovations and compliance effectiveness reviews. Alongside this strong portfolio of services are a loyal clientele that describe The AML Shop as “an outstanding organization made up of exceptionally knowledgeable professionals who are dedicated to ensuring their customers are positioned to confidently meet regulatory and compliance standards” (Leigh Day, YOTI). These are great people to have on your side and definitely worth considering for compliance questions and concerns.

Flinks (https://flinks.com/)

Open-Finance and KYC (Know-Your-Client) rockstars. This innovative company was founded in 2016 and hails from Montreal, QC, Canada and is a fintech superstar known more recently for their integration with the Wealthsimple app. Flinks will meet you at the intersection of technology and security. A key component to compliance, they are a fantastic addition to consider for compliance partnership.

We take compliance seriously, you should too.

*The Fine Print (yes indeed we did mention we take risk management and compliance seriously): Your company and anyone claiming on your company’s behalf releases Apaylo and our affiliates, successors, officers, employees, representatives, partners, agents, and anyone claiming through them, in their individual and/or corporate capacities from any and all claims, liabilities, obligations, promises, agreements, disputes, demands, damages, causes of action of any nature and kind, known or unknown, which the above-mentioned companies has or ever had or may in the future have against your company. Also, this disclaimer releases Apaylo from liability or responsibility at any time for any purpose, or that your company has any rights whatsoever against Apaylo or any of the above companies arising out of or relating to being a “top compliance consulting partner”.


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