UANI Calls on KPMG to End Its Business in Iran

FOR IMMEDIATE RELEASE March 15, 2010 Contact: Kimmie Lipscomb, press@uani.com Phone: (212) 554-3296 UANI Calls on KPMG to End Its Business in Iran New York, NY - United Against Nuclear Iran (UANI) on Friday called on KPMG to end its business in Iran and to refuse to provide services to companies that operate in Iran. KPMG is listed on UANI's Iran Business Registry (IBR). According to its website, KPMG maintains an office in Iran. KPMG, since October of 2009, has been seeking to recruit new senior-level employees to the office. KPMG enables other companies to conduct business in Iran. In 2008, KPMG published a report on tax issues in Iran entitled Iran: Taxation of International Executives. As noted by the New York Times on Sunday, March 7, 2010, KPMG not only operates in Iran, but in the past decade has received $1.2 billion in U.S. federal contracts and grants. Companies must choose between doing business with the U.S. and with Iran. This fall, UANI worked with Representatives Klein and Mica to introduce in the U.S. House of Representatives the ABC Iran Act, the purpose of which is to preclude companies doing business in Iran from doing business with the U.S. Government. In a letter to Timothy Flynn, the Chairman of KPMG, UANI President Ambassador Mark Wallace wrote: Since at least October 29, 2009, KPMG has listed Iran as a key country in KPMG's Middle East/South Asia Region (MESA) while touting the advantages of its business in the MESA region and its countries, including Iran. Since at least October 3, 2009, KPMG has been seeking employees for its Iran practice. 'To keep up with this growth, we need to recruit experienced professionals from abroad, particularly in Advisory, and ideally at Senior Manager level and above.' **** Moreover, your website states that KPMG is "the leading provider of financial audits to the cabinet-level agencies in the Federal Government." Your firm provides key services to the U.S. Federal Government, but at the same time conducts and enables business in Iran. **** Among others, UANI's Iran Business Registry lists Daimler, Honda, HSBC, Petrobras and Sinopec as companies with current business operations in Iran. KPMG provides auditing, accounting and/or tax services for these businesses that operate in Iran, according to their 10-Ks...Doing business in Iran becomes far more problematic for these companies when they no longer have a Big Four auditing firm legitimizing their Iran-based business. KPMG must stop servicing its clients' businesses in Iran. **** Given the urgent nature of this issue please let me hear from you on or before March 26, 2010 with your response. Click here to send a message to KPMG. # # # United Against Nuclear Iran (UANI) is a program of the American Coalition Against Nuclear Iran, Inc., a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. The prospect of a nuclear-armed Iran should concern every American and be unacceptable to the community of nations. Since 1979 the Iranian regime, most recently under President Mahmoud Ahmadinejad's leadership, has demonstrated increasingly threatening behavior and rhetoric toward the US and the West. Iran continues to defy the International Atomic Energy Agency (IAEA) and the United Nations in their attempts to monitor its nuclear activities. A number of Arab states have warned that Iran's development of nuclear weapons poses a threat to Middle East stability and could provoke a regional nuclear arms race. In short, the prospect of a nuclear armed Iran is a danger to world peace. United Against Nuclear Iran (UANI) is a non-partisan, broad-based coalition that is united in a commitment to prevent Iran from fulfilling its ambition to become a regional super-power possessing nuclear weapons. UANI is an issue-based coalition in which each coalition member will have its own interests as well as the collective goal of advancing an Iran free of nuclear weapons. The Objectives of United Against a Nuclear Iran Inform the public about the nature of the Iranian regime, including its desire and intent to possess nuclear weapons, as well as Iran's role as a state sponsor of global terrorism, and a major violator of human rights at home and abroad; Heighten awareness nationally and internationally about the danger that a nuclear armed Iran poses to the region and the world; Mobilize public support, utilize media outreach, and persuade our elected leaders to voice a robust and united American opposition to a nuclear Iran; Lay the groundwork for effective US policies in coordination with European and other allies; Persuade the regime in Tehran to desist from its quest for nuclear weapons, while striving not to punish the Iranian people, and; Promote efforts that focus on vigorous national and international, social, economic, political and diplomatic measures. UANI is led by an advisory board of outstanding national figures representing all sectors of our country.

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