One of the top four accounting firms in the world, Deloitte, has officially signed a partnership deal with blockchain analytics platform Chainalysis, and as per a recent turn of events, the two will work together to give law enforcement a crypto edge. It is crucial to note that a spokesperson has confirmed that the partnership has been in the works for years and has finally fruited.
The partnership was announced at a Chainalysis conference in Washington, DC, on July 25. Deloitte will make use of the services provided by Chainalysis to provide its clients with access to blockchain-tracking capabilities. Chainalysis will assist Deloitte’s clients with their crypto forensic, investigative, and compliance needs via its blockchain datasets, analytics software, and training programs.
The goal of the partnership between Deloitte and Chainalysis is to allow more firms to adopt blockchain technology and engage in the digital asset sector
“As regulators clarify their expectations around digital assets, law enforcement agencies build out their blockchain tracing capabilities, and financial institutions develop digital assets strategies, Deloitte and Chainalysis are meeting market demand for risk management technology solutions and services. Together, Deloitte and Chainalysis will help their mutual clients implement state-of-the art forensic, investigative, and compliance programs,” read the announcement.
Our alliance with @Deloitte, announced today at #TraceDC, will provide public and private organizations with bespoke solutions and specialized services related to risk, compliance, and investigations. Read more: pic.twitter.com/I48lKhhInb
— Chainalysis (@chainalysis) July 25, 2023
Additionally, the announcement also confirmed that Chainalysis will work with the Big Four accounting firm’s “blockchain and digital assets practice across cryptocurrency and digital asset risk, analytics, investigation, anti-money laundering/know your customer (AML/KYC), and regulatory compliance.” On the other hand, Deloitte will expand its “practitioner pool trained and certified in Chainalysis products focused on blockchain analytics and investigations.”
“Our new alliance with Chainalysis is another demonstration of Deloitte’s investment in its digital asset innovation eco for the benefit of our clients,” noted Tim Davis, Deloitte’s Advisory Blockchain and Digital Asset practice lead and principal, Deloitte & Touche LLP.
As reported earlier by Bitnation, the accounting firm, which is known for offering audit, consultancy, financial advisory, risk advisory, tax, and legal services, is actively looking for people with experience in cryptocurrencies to join their team, according to recent updates on LinkedIn. Searches on LinkedIn show that the accounting firm had over 300 available positions for crypto experts in April 2023.
