Overview

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Regulatory Investigations

KPMG Forensic in the UK has an extensive team of professionals providing services to organisations in the regulated sectors, principally financial sector firms but also firms in the non-financial regulated sectors such as utilities, oil and gas and pharmaceuticals.

The team is comprised of forensic accountants and investigators with considerable experience in the regulated sectors, including individuals who have held senior positions at the Financial Services Authority and the London Stock Exchange.

Within the regulated financial services sector, the team regularly works with KPMG’s Financial Sector Advisory Practice, to help ensure the right blend of forensic investigative skills, experience of regulatory enforcement issues, and technical compliance knowledge is brought to bear on contentious regulatory assignments.

We have substantial experience liaising between firms and regulators in relation to cases involving actual or possible regulatory enforcement action. Our services are carried out for regulated firms and/or their regulators and include:

• Reviewing specific aspects of a firm’s systems and controls to assess whether they comply with regulatory requirements;
• Carrying out focused forensic investigative work into alleged specific irregularities.

The subject matter of the regulatory investigations in which the team has been involved is wide ranging and includes:

• Reviews of anti-money laundering systems and controls;
• Past business reviews for retail financial product providers to assess whether sales were suitable;
• Reviews of the operation of compensation arrangements set up by regulated firms (for example in relation to mis-selling of personal pensions);
• Review of compliance arrangements more generally, in particular the corporate governance aspects;
• Reviewing arrangements for preventing financial crime within firms;
• Insider trading and other market abuse cases.
• Reviews for Government bodies and regulators