FOR IMMEDIATE RELEASE - December 10, 2018
Toronto, ON - Block Equity is acquired by Coinsquare and thanks The AML Shop for setting it up for compliance success.
Canadian Crypto Exchange company Coinsquare recently acquired Block Equity Inc., (BlockEQ), for $12M. BlockEQ has been a client of The AML Shop since its inception and worked with their team of experts on setting up its operation, especially its regulatory compliance.
Jon Lister, Co-Founder and President of BlockEQ says, “We are really pleased with this growth opportunity. Coinsquare is one of the reasons we got into this space, so to work with them and their team is very exciting."
BlockEQ started about one year ago and partnered with The AML Shop from the start. Lister shares, “We knew that one of the major keys to our success would be ensuring the highest standards and procedures in our compliance and regulatory requirements. The AML Shop set us up for this success from the beginning and brought such a high level of expertise that resulted in our company becoming desirable to others. We believe it is important to build a business the right way from the beginning. In order to build a lasting financial institution you need to structure your operations with compliance in mind, as new regulations come into effect.”
Lister further says that “It was great working with The AML Shop and its team members. They are responsive, efficient, and supportive and we are very thankful to them for positioning us so strongly for this opportunity. They took the time to understand our business model and were able to craft our policies and procedures that were specific to our business”.
For more information on the acquisition please click here:
About The AML Shop
Our team of veteran compliance executives empowers businesses with the most practical, informed and strategic regulatory support services. Our goals are to help our clients manage their risks, maximize their opportunities and achieve and maintain compliance. We provide: expert advice; support with regulatory exams; development and reviews of financial crime compliance and risk management programs; assistance with the selection, enhancement and validation of technology; and the management of your compliance functions or staffing of your compliance teams.
With offices in Toronto and Ottawa, we serve clients across Canada in every regulated sector, and in emerging industries. To learn more about the AML experts at your service, please visit The AML Shop.com
For more details on this story please contact Matt McGuire.