KPMG to host anti-money laundering meetings – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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KPMG to host anti-money laundering meetings

A series of anti-money laundering events are to be held in the run up to new international regulations coming into force next January.

The four roundtable meetings will focus on three major strands of Bermuda business — insurance, banking, investments and trusts.

Charles Thresh, managing director of KPMG Advisory, which is organising the meetings, said the meetings followed on from last year's successful money laundering reporting officer (MLRO) event.

He added: “The 2013 roundtable sessions will provide open and collaborative forums for discussing industry-specific anti-money laundering and anti-terrorist financing compliance issues, as well as provide an update on relevant local anti-money laundering and anti-terrorist financing regulatory developments for Bermuda's insurance, banking, investment and trust industries.”

The US Foreign Account Tax Compliance Act (FATCA) — designed to crack down on tax evasion and money laundering — comes into force in the new year.

The first two events, focusing on insurance and banking, will be held on Wednesday, October 2,

Investments and trusts will come under the spotlight the following day.

Places at the forums cost $350 per person, which also covers a money laundering reporting officer training session to be held later this year.

Anyone interested in attending the sessions, which will be held at KPMG's offices in Par-la-Ville Road, Hamilton, can register at

Charles Thresh

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Published September 26, 2013 at 9:00 am (Updated September 25, 2013 at 7:33 pm)

KPMG to host anti-money laundering meetings

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