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Diligence denied it had done anything illegal or improper and earlier this year the newsletter OffshoreAlert reported that the firm intended to claim that the information it received on IPOC was passed on without financial inducement by a whistleblower within KPMG who was motivated by a concern that the as-yet unfinished KPMG report will whitewash the actions of IPOC's local service providers, which include Bermuda Commercial Bank, Wakefield Quin law firm and their affiliates, to spare them and Bermuda the negative consequences of being at the centre of one of the world's biggest money laundering operations. Offshore Alert reported that in a draft report last year, KPMG claimed that no Bermuda laws had been broken.
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