Helping clients navigate complex regulatory and compliance requirements.
In today's global business environment, organizations operating in many markets routinely face the risk of bribery and corruption. Demanding laws with extra-territorial reach combined with increased enforcement by many countries, mean that activities that may have had few consequences just a few years ago can now imperil a business and its people.
KPMG Forensic has a full suite of services related to helping organizations prevent, detect, and respond to bribery and corruption concerns. Our extensive credentials in this area range from proactive compliance-oriented assistance to event-driven experience conducting investigations and implementing remediation measures. Proactive measures we can assist with include risk assessments, the design or evaluation of compliance program controls and governance structures, third-party screening and acquisition due diligence, and training programs in a variety of formats.
A sweeping regulatory and enforcement landscape has evolved over the last decade, creating unprecedented challenges and risks for all regulated industries, including banks, trust companies, credit unions, securities dealers, life insurance companies, casinos, dealers in precious metals and stones, money service businesses and real estate brokers and developers.
Our Canadian Anti-Money Laundering team is fluent in Canada's relevant laws, regulations, and guidance. Our award winning global Anti-Money Laundering team is available when the laws of other countries are relevant. Our tailored approach is results-oriented and is supported by global experience, methodologies, technologies, and training. We provide practical, risk-based solutions that are tailored to clients' needs, risk profile, business operations, and jurisdictional presence. KPMG provides both proactive and reactive services.
Proactive – KPMG assists clients to further develop and enhance their Anti-Money Laundering and Sanctions compliance programs to help ensure that legal and regulatory requirements are met and exceeded. We have extensive experience providing independent bi-annual Anti-Money Laundering effectiveness reviews mandated by Canadian laws. In addition, we can assist with Anti-Money Laundering and Sanctions training.
Reactive – Following a regulatory review, KPMG can assist with assessing required remediation actions and the framework for remediation plans. KPMG has vast hands-on experience assisting organizations with remediating significant breakdowns that may arise, whether self-identified or as a result of regulatory action. This includes performing transaction monitoring investigations and/or historical review, sanctions investigations, know-your-customer file remediation and investigations in response to regulatory inquiry or mandates.
It can be difficult to comprehend the sheer size and scope of your third-party network, but those relationships are essential to your business. Failure to adequately assess agents, partners, and clients while understanding their business operations can expose organizations to reputational damage, operational risk, government investigations, monetary penalties, and potential criminal liability. KPMG offers risk management and due diligence services to help clients mitigate counterparty risks.
Third-party risk management - We help clients establish and evolve their third-party governance programs, controls, and resources to assist in identifying and mitigating the risks of fines, penalties, sanctions, civil liability, and reputational damage.
Third-party integrity due diligence - We gather information from a wide range of intelligence sources to provide you with information on your counterparties. We highlight issues of concern that may cause reputational or financial damage to an organization, its directors, and its shareholders. In high-risk or unfamiliar areas, we help our clients identify political or regulatory factors in local markets. Our teams assimilate and analyze publicly available information to provide accurate and reliable corporate intelligence on designated third parties. We have vast experience and knowledge in obtaining information that can enable our clients to understand what, or who, they are dealing with, including:
KPMG's National Information Governance Practice offers a holistic end-to-end approach in helping its clients govern, identify, harvest, control, and protect their most critical information assets throughout their lifecycle. Information Governance is a highly specialized discipline, and our service offerings are tailored to the core activities required to successfully manage information as an organizational asset. The KPMG Forensic Information Governance team offers a full suite of advisory services that include: