KPMG Canada Teams Up With Chainalysis to Fight Crypto Frauds and Exploits
Summary
KPMG Canada is collaborating with blockchain analytics firm Chainalysis to combat increasing digital asset fraud and crimes. KPMG aims to deliver enhanced blockchain supervision, aids, and risk management for businesses to abide by the changing crypto regulations and upgrade their anti-money laundering compliance protocols. This comes as digital asset fraud has become more advanced, with illicit cryptocurrency transactions reaching a high of $20.6 billion in 2023. KPMG has been actively involved in the cryptocurrency sector, having introduced bitcoin and ether to its balance sheet and participating in the metaverse.
