(KPMG LLP), authorized legal adviser (Cassels Brock & Blackwell LLP) and monetary adviser (Canaccord Genuity Corp) of the Money Retailer Monetary Providers Inc., a Canadian payday lender that filed for creditor safety in 2014. "It’s alleged in these lawsuits that KPMG, Cassels Brock and Canaccord triggered over $100-million in damages to Money Retailer and its collectors," mentioned Mr. Aziz, President of BlueTree Advisors Inc., a company restructuring advisory agency primarily based in Oakville, Ontario. Also in November, KPMG UK has been hit with a £15m lawsuit by insurance outsourcer Watchstone—formerly known as Quindell—over allegations it suffered losses because of the audit firm's negligence in 2013. Again in November, two units of Abraaj that are now in liquidation, filed a lawsuit in Dubai against KPMG LLP for damages of US$600 million alleging that KPMG accountants "failed to maintain independence and an appropriate attitude of professional skepticism," and breached their duty of care when auditing the private-equity firm. 2022 In January, the Malaysian government reported that KPMG's local affiliate had agreed to pay a fine of RM 333 million ($111 million) to settle the case filed against it in connection with the 1MDB funds scandal. A group of investors in Airbus, the Dutch foundation Stichting Investor Loss Compensation (SILC), filed a lawsuit against Airbus, KPMG and EY in the Hague District Court alleging they suffered damages worth at least €300 million (US$340 million) as a result of company's misleading publications about the manufacturer’s involvement in and financial settlements involving corruption, bribery, and other forms of fraud. UK regulator The Financial Reporting Council (FRC) fined KPMG £3 million for audit failings at collapsed alcohol retailer Conviviality. A settlement agreement between the UK regulator, the Financial Reporting Council and a KPMG Partner, Stuart Smith, who led the firm’s audit of IT company, Regenersis later renamed as Blancco Technology Group, resulted in a fine of £150,000 after he admitted misleading its inspectors. During March, British accounting regulator Financial Reporting Council (FRC) fined KPMG UK £1.3 million for serious failings within their audits of British bar chain, Revolution Bars Group. The US securities regulator, Securities Exchange Commission, announced an investigation into conflicts of interest at auditors, including KPMG's US branch, KPMG LLP. During April, the US accounting regulator, Public Company Accounting Oversight Board (PCAOB) fined the former head of KPMG's US audit practice, Scott Marcello, a record US$100,000 for having failed to reasonably supervise senior auditors