- The collaboration is aimed astatine combating integer plus fraud and enhancing anti-money laundering efforts.
- The 2 volition enactment to code the record-high $20.6B successful planetary cryptocurrency-based illicit transactions.
- They volition supply precocious blockchain monitoring and governance.
In a strategical determination to code the escalating menace of fraud and transgression activities successful the integer assets sector, KPMG Canada has joined forces with blockchain analytics steadfast Chainalysis.
This concern aims to bolster companies’ capabilities successful adhering to evolving crypto regulations and advancing their anti-money laundering compliance programs.
Enhancing crypto information measures amid increasing threats
The collaboration betwixt the Canadian limb of KPMG and Chainalysis comes arsenic the integer plus assemblage witnesses an summation successful the sophistication of exploits and frauds.
The Chainalysis 2023 Crypto Crime Report revealed a record-high planetary cryptocurrency-based illicit transaction measurement of $20.6 cardinal successful the erstwhile year. Notable incidents, specified arsenic wallet hacks and SIM swaps, person underscored the request for robust information measures wrong the crypto space.
KPMG Canada aims to leverage its extended cognition successful cryptoasset fiscal crimes by providing precocious blockchain monitoring, support, governance, and hazard management.
Chainalysis and KPMG Canada partnership
This collaboration volition alteration organizations to follow a much broad attack to mitigating fraud risks successful crypto transactions. Jonathan Levin, Chainalysis co-founder and main strategy officer, expressed assurance successful the partnership, stating that combining KPMG’s expertise with Chainalysis’ industry-leading hazard capabilities volition lend to a much effectual defence against fraud successful the crypto space.
KPMG Canada has been actively progressive successful the cryptocurrency sector, extending its footprint into the metaverse and making strategical additions to its equilibrium expanse with bitcoin and ether. This determination underscores the consulting giant’s committedness to staying up successful a rapidly evolving integer landscape.
The collaboration betwixt KPMG Canada and Chainalysis signifies a associated effort to navigate and code the complexities of fiscal crimes successful the crypto sector, which proceed to airs challenges to the information of integer assets.
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