The Canadian subsidiary of the world’s giant audit firm KPMG has partnered with Chainalysis to fight against increasing criminal activities in the cryptocurrency industry.
For the cryptocurrency industry fraud And cybercrime activities As it increases day by day, companies want to take the precautions they can. According to the last statement KPMG Canadain order to take precautions and combat such criminal activities blockchain analysis firm It partnered with Chainalysis.
KPMG Thanks to this partnership, Canada offers improved services to its customers. blockchain monitoring, support, governance And risk management will be able to provide the service. The collaboration will provide solutions for cryptocurrency exchanges, financial companies and government institutions in Canada.
KPMG Canada partner who made a statement on the subject and blockchain co-chairman Kunal Bhasin, He made the following statements:
This collaboration will help further strengthen KPMG’s expertise in criminal investigations, crypto assets and blockchain technology.
Global cryptocurrency fraud and related illegal activities increased last year, according to Chainalysis data. with $20.6 billion It had reached an all-time high.
Chainalysis co-founder and chief strategy officer Jonathan LevinHe said that his sector-specific knowledge and experience will provide the necessary assistance to companies working in this field:
Layering KPMG’s extensive knowledge and experience of cryptoasset financial crime on top of our platform’s industry-leading risk capabilities will help provide organizations with a more comprehensive approach to reducing fraud risks in crypto transactions.
The world’s largest stablecoin issuer Tether, OKX and within the scope of the investigation conducted together with the US Department of Justice. 225 million USDT He had frozen it. Tether was used in this operation to access funds linked to criminals. Chainalysis developed on-chain tracking tools had used it.