What's Happening?
KPMG US has announced the appointment of Teresa Halpin and Rick Lawlor as tax directors within its trade and customs practice. Both Halpin and Lawlor bring extensive experience from their previous roles in the trade regulatory audit division at US Customs
and Border Protection (CBP). Halpin, based in New York, has over 36 years of experience, particularly in trade enforcement operations and audits, and has supported Department of Justice (DOJ) False Claims Act cases. Lawlor, based in Philadelphia, has over 33 years of experience, focusing on trade enforcement operations for priority trade issues. Their appointments come as KPMG anticipates increased enforcement by CBP and DOJ on trade matters, making their expertise crucial for managing potential controversies.
Why It's Important?
The appointment of Halpin and Lawlor is significant as it reflects KPMG's strategic response to anticipated heightened trade enforcement by US authorities. Their expertise in trade regulatory audits and enforcement operations will be vital for KPMG's clients navigating complex trade compliance issues. This move underscores the importance of having seasoned professionals to address the challenges posed by increased scrutiny from CBP and DOJ, potentially impacting businesses involved in international trade. Companies may benefit from their insights into priority trade issues, ensuring compliance and avoiding legal pitfalls.
What's Next?
With Halpin and Lawlor's appointments, KPMG is poised to enhance its advisory capabilities in trade and customs matters. Their roles will likely involve guiding clients through the evolving landscape of trade regulations and enforcement actions. As trade enforcement intensifies, businesses may seek KPMG's expertise to mitigate risks and ensure compliance. The firm may also expand its services to address emerging trade issues, leveraging the directors' experience to develop innovative solutions for clients facing regulatory challenges.
Beyond the Headlines
The integration of Halpin and Lawlor into KPMG's team may also influence the firm's approach to ethical and legal considerations in trade compliance. Their background in supporting DOJ cases and homeland security investigations could lead to a more robust framework for addressing ethical dilemmas in trade practices. This development may prompt other firms to reevaluate their compliance strategies, emphasizing the importance of experienced leadership in navigating complex regulatory environments.
