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Compliance vs Regulatory: A Critical Balance in Barbados
In a world where regulatory pressure is mounting, companies operating in Barbados must navigate complex compliance standards and regulations to avoid costly fines and reputational damage. For those seeking to stay ahead of the curve, KPMG’s Regulatory and Compliance Services offer expert guidance on Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), Countering Proliferation Financing (CPF), and Foreign Account Tax Compliance Act (FATCA) requirements.
A Critical Balance
Compliance and regulatory requirements are not mutually exclusive, but rather interdependent components of a robust risk management strategy. Companies must devote substantial efforts to ensure they have appropriate and effective compliance programs in place to meet the demands of domestic and foreign regulators, enforcement authorities, and other stakeholders.
AML/CFT/CPF Services
KPMG’s AML/CFT/CPF professionals work with clients to identify, manage, and mitigate their risk exposures in line with legislative requirements and industry best practices. Our services include:
- AML/CFT/CPF regulatory compliance assessment
- Readiness and health check reviews
- Program design, build, and execution
FATCA Services
KPMG’s Compliance professionals perform assessments of policies, procedures, and systems for compliance with the Trinidad and Tobago Tax Information Exchange Agreements (United States of America) Act, 2017. This assessment is required every three years for all financial institutions domiciled in Trinidad and Tobago.
Expertise You Can Trust
Our team has over 25 years’ combined experience in performing AML/CFT/CPF services, with qualifications in the field and membership in associated professional bodies. We have conducted numerous legislative compliance assessments for large and medium-sized entities across various industries, regionally.
In a rapidly changing regulatory landscape, companies must prioritize compliance to avoid costly fines and reputational damage. KPMG’s Regulatory and Compliance Services provide expert guidance on AML/CFT/CPF and FATCA requirements, empowering clients to thrive in an increasingly complex business environment.