KPMG Recognized as Top Anti-Money Laundering Firm

NEW YORK, Sept. 10, 2014 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, has been named "U.S. AML Firm of the Year" in ACQ magazine's 2014 annual "ACQ Global Awards." Additionally, ACQ recognized KPMG International, a global network of professional firms providing audit, tax and advisory services, as the "International AML Advisory of the Year." 

The ACQ awards recognize industry leaders, eminent individuals, exemplary teams and distinguished firms that represent the benchmark of achievement and best practice.

"We are honored to be recognized by ACQ for the work KPMG has done to help clients comply with the evolving and demanding U.S and global regulatory requirements governing anti-money laundering," said Richard H. Girgenti, National and Americas Leader for Forensic Advisory Services for KPMG. "As regulatory fines escalate due to failures to maintain adequate AML controls and threats of criminal prosecution against banks and individuals mount, now more than ever there is a need for thoughtful and well-informed AML consultation."

KPMG's Anti-Money Laundering and Trade Sanctions team is well positioned to assist companies to protect themselves against criminals and regulatory action. The team has provided AML assessments across the globe and contributed to some of the largest AML investigations and program rehabilitations in recent history. KPMG's practitioners apply their practical experience of implementing AML programs at major institutions and leverage their regulatory and enforcement backgrounds to help clients address multiple areas of AML program improvement.

"Financial institutions' need for comprehensive programs to address the risk of noncompliance has heightened as AML regulatory action intensifies and new regulations sweep the globe," said Teresa A. Pesce, head of AML Services for the Americas Region for KPMG. "This award reflects KPMG's dedicated efforts to ensure that our clients have strong AML processes and controls in place to improve compliance in a cost effective manner that meshes well with their legal, risk and operations functions."

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 155,000 professionals, including more than 8,600 partners, in 155 countries.

About KPMG International
KPMG is a global network of professional firms providing audit, tax and advisory services. We operate in 155 countries and have more than 155,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

SOURCE KPMG LLP

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