TechFlow news: KPMG Canada has partnered with blockchain analytics firm Chainalysis to address fraud and criminal threats in the digital asset space. Through this collaboration, KPMG will offer clients advanced blockchain monitoring, support, governance, and risk management solutions, ensuring businesses comply with evolving cryptocurrency regulations.
This partnership strengthens KPMG's expertise in forensic investigations, crypto assets, and blockchain technology. As vulnerabilities and fraudulent activities in the digital asset sector grow increasingly sophisticated, global illicit transactions involving cryptocurrencies reached a record high of $20.6 billion last year.
Jonathan Levin, co-founder and Chief Strategy Officer of Chainalysis, said combining KPMG’s experience with their platform’s risk capabilities will provide organizations with a more comprehensive approach to mitigating fraud risks in crypto transactions. Last year, KPMG Canada established a collaborative hub between its U.S. and Canadian divisions to deepen its engagement in the cryptocurrency space, including adding Bitcoin (BTC) and Ethereum (ETH) to its balance sheet and acquiring digital art from the World of Women (WoW) NFT collection.
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