KPMG Canada joins forces with Chainalysis to combat crypto fraud

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The Canadian branch of KPMG, one of the Big Four accounting firms, has partnered with blockchain data platform Chainalysis to help organisations combat fraud and illicit activities in the digital assets sector.

Through this collaboration, KPMG will join Chainalysis’ ‘Solution Provider’ program, offering their clients enhanced blockchain monitoring, support, governance, and risk management.

As a part of the program, KPMG professionals will become ‘Chainalysis Certified Investigators’. They will assist clients in detecting and preventing illicit crypto activities, complying with evolving crypto regulations, and improving Anti-Money Laundering (AML) compliance measures.

Kunal Bhasin, crypto assets and blockchain co-leader at KPMG Canada, said, “This collaboration will help to further solidify our expertise in forensic investigations and crypto assets and blockchain technology.”

Chainalysis co-founder and chief strategy officer Jonathan Levin underscored the partnership’s potential, saying, “Layering KPMG’s extensive knowledge and experience in crypto asset financial crimes over our platform’s industry-leading risk capabilities will help provide organisations with a more comprehensive approach to mitigating fraud risks in crypto transactions.”