Deloitte, Chainalysis alliance to give law enforcement a crypto edge
Expert services giant Deloitte is set to improve its customers blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.Announced throughout a Chainalysis conference in Washington DC on July 25, the tie-up will see Chainalysis blockchain datasets, analytics software and training programs help Deloittes customers with their crypto forensic, investigative and compliance needs.A Chainalysis representative informed Cointelegraph that the alliance had remained in the works for years, with the aim of helping more organizations to adopt blockchain technology.Our alliance with @Deloitte, revealed today at #TraceDC, will offer personal and public companies with bespoke options and specialized services related to run the risk of, compliance, and examinations. Learn more: https://t.co/NqbPPA6HYb pic.twitter.com/I48lKhhInb— Chainalysis (@chainalysis) July 25, 2023
Thomas Stanley, president and chief income officer of Chainalysis said the cooperation is intended at their mutual customers, including law enforcement firms, regulators and monetary institutions.” In a document laying out the alliance, Deloitte said some of the challenges faced by federal government firms consist of when cryptocurrencies are used to obfuscate deals and launder the proceeds of crime, while the international regulative landscape produces difficulty getting info from foreign exchanges.Some of the difficulties government companies deal with when it comes to crypto. Related: How the IRS seized $10B worth of crypto utilizing blockchain analytics” Chainalysis will work with Deloittes blockchain and digital assets practice throughout cryptocurrency and digital possession threat, analytics, investigation, anti-money laundering/know your customer (AML/KYC), and regulative compliance,” included Chainalysis.Deloitte, known as one of the worlds Big Four accounting companies, recently posted over 300 job listings for cryptocurrency-related roles, 97 of which were based in the United States.