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Deloitte & Chainalysis unite to address digital asset compliance challenges



Deloitte, the leading professional services firm in audit and risk advisory, and Chainalysis, the renowned blockchain data platform, have unveiled an exciting new partnership aimed at assisting their mutual clients in navigating the complexities of the digital asset ecosystem and ensuring robust compliance measures.

The alliance will enable clients shared by Chainalysis and Deloitte to harness the power of Chainalysis’ exclusive blockchain dataset, cutting-edge analytics software, and training programs, complemented by Deloitte’s comprehensive suite of services. 

This collaboration is set to empower clients in managing forensic investigations and maintaining compliance programs with confidence.

With regulatory guidelines pertaining to digital assets becoming clearer, law enforcement agencies augmenting their blockchain tracing capabilities, and financial institutions devising digital asset strategies, the demand for cutting-edge risk management technology solutions and services is on the rise. 

In response, Deloitte and Chainalysis have strategically joined forces to meet the market’s growing needs and deliver state-of-the-art forensic, investigative, and compliance programs to their mutual clients.

Chainalysis said that it will closely collaborate with Deloitte’s blockchain and digital assets practice, enhancing services related to cryptocurrency and digital asset risk assessment, analytics, investigation, and anti-money laundering/know your customer (AML/KYC) compliance, as well as regulatory compliance.

To further bolster its expertise in Chainalysis products, Deloitte will expand its pool of practitioners who will receive specialized training and certification in blockchain analytics and investigations.

In the words of Thomas Stanley, President and Chief Revenue Officer of Chainalysis, the alliance provides innovative solutions for law enforcement, regulators, and financial ecosystem participants. 

It aims to identify gaps in processes, enhance mission success, reduce risk, and drive revenue growth through collaborative efforts.

According to Tim Davis, Deloitte’s Advisory Blockchain and Digital Asset practice lead, the firm is dedicated to guiding clients in navigating digital asset adoption and risk management. 

With a focus on analytics and regulatory compliance, their partnership with Chainalysis reflects Deloitte’s commitment to investing in digital asset innovation for the benefit of their clients.

Read also; USDT Dominates Stablecoins, VC Fund Takes Massive Dive — Binance Report

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