KPMG LLP Launches Fast-Working 'Astrus' Corporate Intelligence Tool

NEW YORK, Dec. 1, 2011 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, today announced the launch of "Astrus," a Web-enabled corporate intelligence tool that can help companies manage risk by generating background reports on organizations and individuals with whom they may do business.

"As organizations work to compete in a global marketplace of unprecedented regulatory scrutiny, quickly securing information about their business relationships is critical, whether contemplating a merger or acquisition, hiring a vendor or thirty-party agent, or entering into a joint venture or partnership," said Richard H. Girgenti, a KPMG principal and national service line leader for Forensic.

"Our Astrus intelligence tool can quickly provide on-line, cost-efficient, succinct summaries and raise red flags to help our clients avoid potential risks, including civil and even criminal liability down the road," he said.

Laura Durkin, a KPMG managing director leading the U.S. Astrus team, said this kind of proprietary research methodology helps identify a subject's corporate and regulatory status, shareholder and ultimate beneficial ownerships and other information in a cost-efficient search through public databases.

"KPMG's Astrus helps our clients respond to the global pressures and compliance challenges resulting from the cacophony of regulatory changes –  information directly responsive to 'Know Your Customer' mandates in the United States and elsewhere," Durkin said.

• Companies may benefit from Astrus if they face issues related to:
• Financial services regulatory compliance
• Anti-bribery and corruption regulatory compliance
• Risk assessments of current and prospective business partners, agents, and vendors
• M&A and other investments in emerging and other global markets
• Industry- and jurisdiction-specific risk.

Specifically, Astrus delivers:

• A clear and concise summary of key findings and possible risks.
• A single point of entry and delivery via Web-based access to the Astrus tools for authorized employees.
• An objective assessment of facts related to integrity-risk issues.
• Greater value to the client by using internal compliance and due diligence teams of professionals that focus on higher-risk activities.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International.") KPMG International's member firms have 138,000 professionals, including more than 7,900 partners, in 150 countries.

Contact: Bob Wade
KPMG LLP                 
201-307-7482

SOURCE KPMG LLP

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