Deloitte, Chainalysis Partner Up To Achieve Crypto Compliance

Deloitte, Chainalysis Partner Up To Achieve Crypto Compliance

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Deloitte and Chainalysis have joined forces in a strategic alliance to tackle compliance challenges within the digital asset ecosystem. 

Partnership To Assist Law Enforcement

Deloitte and Chainalysis are stepping up to meet the increasing demand for risk management technology solutions and services. By combining Chainalysis' blockchain dataset and cutting-edge analytics software and training program with Deloitte's services, both firms aim to help their mutual clients navigate the complexities of compliance, forensic investigations, and risk management.

The partnership comes at a crucial time when regulators are clarifying their expectations surrounding digital assets, law enforcement agencies are enhancing their blockchain tracing capabilities, and financial institutions are formulating their strategies for dealing with digital assets. 

Chainalysis: Partnership In Works For Years

Blockchain data platform, Chainalysis operates globally, providing data, software, and services to various organizations, including government agencies, financial institutions, and cybersecurity companies. Their expertise in investigation, compliance, and market intelligence software has been instrumental in solving significant criminal cases and promoting safe cryptocurrency usage.

Thomas Stanley, President and Chief Revenue Officer of Chainalysis, expressed his enthusiasm for the alliance, stating, 

"For law enforcement agencies, regulators, and financial ecosystem players across the nation, the alliance offers new, collaborative solutions that help identify transformation gaps, accelerate mission success at enterprise scale, and mitigate risk while increasing revenue."

Meeting Market Demand For Risk Management Technology

Through this collaboration, both companies will assist their clients in implementing state-of-the-art forensic, investigative, and compliance programs. Chainalysis will work closely with Deloitte's blockchain and digital assets practice, offering expertise in cryptocurrency and digital asset risk, analytics, investigation, anti-money laundering/know your customer (AML/KYC), and regulatory compliance. 

Deloitte, a prominent firm offering audit, consulting, tax, and advisory services to renowned brands and private companies worldwide, will expand its pool of practitioners trained and certified in using Chainalysis products for blockchain analytics and investigations.

Tim Davis, Deloitte's Advisory Blockchain and Digital Asset practice lead, highlighted the importance of their commitment to providing clients with cutting-edge solutions in the ever-evolving landscape of digital assets. 

He said, 

"As digital asset adoption and proliferation continues, Deloitte is committed to advising our clients on leading thinking and approaches to risk management, analytics use, and regulatory compliance. Our new alliance with Chainalysis is another demonstration of Deloitte's investment in its digital asset innovation ecosystem for the benefit of our clients."

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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