{"id":24693,"date":"2023-11-23T12:23:30","date_gmt":"2023-11-23T12:23:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kpmg-canada-partners-with-chainalysis-to-tackle-crypto-frauds\/"},"modified":"2023-11-23T12:23:30","modified_gmt":"2023-11-23T12:23:30","slug":"kpmg-canada-partners-with-chainalysis-to-tackle-crypto-frauds","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kpmg-canada-partners-with-chainalysis-to-tackle-crypto-frauds\/","title":{"rendered":"KPMG Canada partners with Chainalysis to tackle crypto frauds"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1700739722535-bf9fcf28-49d9-415f-ae93-9010eed26227-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1700739722535-bf9fcf28-49d9-415f-ae93-9010eed26227-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1700739722535-bf9fcf28-49d9-415f-ae93-9010eed26227-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1700739722535-bf9fcf28-49d9-415f-ae93-9010eed26227-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>The collaboration is aimed at combating digital asset fraud and enhancing anti-money laundering efforts.<\/li>\n<li>The two will work to address the record-high $20.6B in global cryptocurrency-based illicit transactions.<\/li>\n<li>They will provide advanced blockchain monitoring and governance.<\/li>\n<\/ul>\n<p>In a strategic move to address the escalating threat of fraud and criminal activities in the digital assets sector, KPMG Canada has joined forces with blockchain analytics firm Chainalysis.<\/p>\n<p>This partnership aims to bolster companies\u2019 capabilities in adhering to evolving crypto regulations and advancing their anti-money laundering compliance programs.<\/p>\n<h2>Enhancing crypto security measures amid growing threats<\/h2>\n<p>The collaboration between the Canadian arm of KPMG and Chainalysis comes as the digital asset sector witnesses an increase in the sophistication of exploits and frauds.<\/p>\n<p><a href=\"https:\/\/www.chainalysis.com\/blog\/2023-crypto-crime-report-introduction\/\">The Chainalysis 2023 Crypto Crime Report<\/a> revealed a record-high global cryptocurrency-based illicit transaction volume of $20.6 billion in the previous year. Notable incidents, such as wallet hacks and SIM swaps, have underscored the need for robust security measures within the crypto space.<\/p>\n<p>KPMG Canada aims to leverage its extensive knowledge in cryptoasset financial crimes by providing advanced blockchain monitoring, support, governance, and risk management.<\/p>\n<h2>Chainalysis and KPMG Canada partnership<\/h2>\n<p>This collaboration will enable organizations to adopt a more comprehensive approach to mitigating fraud risks in crypto transactions. Jonathan Levin, Chainalysis co-founder and chief strategy officer, expressed confidence in the partnership, stating that combining KPMG\u2019s expertise with Chainalysis\u2019 industry-leading risk capabilities will contribute to a more effective defence against fraud in the crypto space.<\/p>\n<p>KPMG Canada has been actively involved in the <a href=\"https:\/\/coinjournal.net\/news\/tag\/cryptocurrency\/\">cryptocurrency sector<\/a>, extending its footprint into the metaverse and making strategic additions to its balance sheet with bitcoin and ether. This move underscores the consulting giant\u2019s commitment to staying ahead in a rapidly evolving digital landscape.<\/p>\n<p>The collaboration between KPMG Canada and Chainalysis signifies a joint effort to navigate and address the complexities of financial crimes in the crypto sector, which continue to pose challenges to the security of digital assets.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/kpmg-canada-partners-with-chainalysis-to-tackle-crypto-frauds\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The collaboration is aimed at combating digital asset fraud and enhancing anti-money laundering efforts. The two will work to address the record-high $20.6B in global cryptocurrency-based illicit transactions. They will provide advanced blockchain monitoring and governance. In a strategic move to address the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":24694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24693"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24693"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24694"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}