KPMG Partners With Chainalysis To Fight Rising Crypto Crime In Canada

Twitter icon  •  Published 4 months ago  •  Hassan Maishera

The Canadian arm of KPMG has partnered with Chainalysis to help organizations combat the rising crypto crime in Canada.


  • KPMG’s Canadian arm has partnered with Chainalysis to address rising crypto crime in Canada.

  • The two entities will provide solutions for crypto exchanges, financial institutions and government agencies in Canada.

Chainalysis And KPMG Canada Enter A Strategic Partnership

Big Four accounting firm KPMG’s Canadian arm has partnered with blockchain data platform Chainalysis to help entities fight rising crypto-related fraud.

Thanks to this latest development, KPMG is joining the Chainalysis Solution Provider program. By joining the program, KPMG will begin offering rigorous monitoring, support, governance and risk management to crypto exchanges, financial institutions, law enforcement and government agencies.

Furthermore, by joining the program, KPMG professionals will become Chainalysis Certified Investigators. This will help them assist clients in detecting and preventing illicit crypto-based activity, adhere to evolving crypto regulations and enhance existing anti-money laundering compliance.

While commenting on this latest development, Enzo Carlucci, the forensic leader at KPMG in Canada, said,

"Crypto asset exchanges, crypto-native companies, financial institutions, government and law enforcement agencies are increasingly looking for innovative ways to help them 'follow the crypto' to investigate criminal activity. By teaming up with Chainalysis, KPMG clients can benefit from Chainalysis' proprietary blockchain data monitoring technology, resulting in improved identification of potentially criminal activities and faster response times." 

Chainalysis co-founder and Chief Strategy Officer Jonathan Levin added that,

"By teaming up with one of Canada's largest professional services firms, our clients can leverage the expertise of KPMG's trusted forensics and crypto asset advisory professionals to establish effective know your transaction (KYT) rules, stronger anti-money laundering protocols and robust investigation strategies." 

The Canadian government has increased its efforts to regulate the activities of cryptocurrency companies. Crypto exchanges in Canada are required to register with the relevant authorities or cease operations.

So far, Bybit, Binance, OKX, Paxos, dYdX and Bittrex, have ceased operations in Canada due to the new regulations.



Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.