UK’s Journey to Payments Legislation, and What Canada Can Learn


TCAE is excited to invite Mark Southgate and Amber D. Scott  to discuss the UK’s journey to payment legislation and the similarities of it with the Canadian counterpart. The similarities between Canada’s upcoming legislation and the Payment Services Directive in the EU, for example the scope of activities covered, and the introduction of safeguarding and safety of client funds are very similar. 

The session will look at the areas of similarity and try to explain some of the issues and problems that arose in the EU with the legislation in its first draft, and some of the unforeseen consequences that were encountered. 

The main areas of discussion will be what happens when you offer in scope and out of scope services and the issues of explaining that to clients, and then some of the areas where safeguarding and reconciliation caused issues.

Learning outcome

  • Similarities between the Canadian legislation and UK’s payment legislation
  • Things to be considered ahead of the legislation 
  • Areas where firms may struggle and want to get specific advice 


Mike Southgate |  Chief Operating Officer, Hamilton Court Foreign Exchange Limited

Mike is part of the executive committee of AFEP where he works on the Banking Access, Financial Crime and technology streams, as well as providing training and workshops to the UK regulator, the Financial Conduct Authority. He is currently the COO for Hamilton Court FX, an Authorised Payment Institution and Mifid Investment firm, as well as  developing his own financial crime Transaction Monitoring system named ERMI, which seeks to use more considered crime typologies to generate monitoring alerts. He also developed Luci, a free to use fraud tool for firms in the payment industry.

He has previously been an Associate Director at FSCom, a consultancy firm in the European payment services space, was the Compliance Director and MLRO of Google, and the Head of Compliance at Ebury Partners. Mike has a degree in Law, a Bachelors degree in management and Compliance, a postgraduate diploma in Risk ans Compliance abs is currently studying for his Masters in Preventing Organized Crime and Terrorism at UCL and builds cars at the weekends.


Amber D. Scott  |   Founder, CEO & Chief AML Ninja, Outlier Solutions Inc.

Amber is a compliance geek with a passion for technology. After graduating from the University of Waterloo, Amber joined the compliance group at one of Canada’s largest insurers where she focused on the implementation of technology-based processes to streamline compliance. She has since worked in in-house roles with major securities firms and banks. Somewhere along the line, she added MBA, CBP, and a few other letters after her name.

Amber joined a boutique compliance consulting firm, then larger consulting firm, before getting frustrated enough with the status quo to launch Outlier Solutions Inc. (Outlier) in 2013. Outlier specializes in anti-money laundering (AML) and privacy compliance. The company is based on one of the premises of Malcolm Gladwell’s book Outliers: that to be really good at something you need a lot of practice (about 10,000 hours). Each of Outlier’s team members has 10,000 hours or more of in-house (not consulting) compliance experience. Amber loves leading this team of entrepreneurial compliance badasses.