Deloitte and Chainalysis team up for crypto compliance

Big Four firm Deloitte and blockchain analysis company Chainalysis have formed a partnership to help their customers to raise the challenges from compliance around the digital assets.

Deloitte and Chainalysis announced on Tuesday a alliance which will enable their customers to take advantage of blockchain risk management and compliance solutions of the two firms.

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According to a press release, Chainalysis will work with Deloitte on risk management, anti-money laundering, AML/KYC requirements and regulatory compliance.

As the adoption and proliferation of digital assets continues, Deloitte is committed to advising clients on leading-edge thinking and approaches to risk management, use of analytics and regulatory compliance,” commented Tim Davis, head of blockchain and digital assets at Deloitte.

Earlier this year, Deloitte has partnered with Ledger to help companies secure their digital assets. The multinational also unveiled a solution for creating blockchain credentials for KYC processes.

“Our new alliance with Chainalysis is a new demonstration of Deloitte’s investment in its digital asset innovation ecosystem for the benefit of our clients,” added Davis.

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Valued at over $8 billion after its Series F in 2022, Chainalysis provides services – aimed at governments, banks and corporations – aimed in particular at preventing fraud and money laundering in crypto. In the spring, the New York-based company acquired blockchain data provider Transpose.

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