KPMG Norway and Chainalysis join forces

KPMG Norway and Chainalysis have been collaborating for over a year and are now formalizing their partnership with this announcement. In response to the persistent threat of cryptocurrency fraud, KPMG Norway and Chainalysis have officially joined forces to strengthen organizations' defenses against the increasing prevalence of illicit crypto transactions. 

As crypto-related fraud continues to evolve, organizations are seeking robust measures to investigate and mitigate illicit activities effectively. KPMG Norway is teaming up with Chainalysis, the blockchain data platform, to bolster their capabilities in this arena.

"Our commitment to empowering our clients with innovative solutions in the crypto asset landscape is unwavering. By collaborating with Chainalysis, we aim to enhance our ability to detect and prevent illicit activities, thereby safeguarding our clients' interests," says Erik Arvnes, Partner at KPMG Forensic Services in Norway.

The collaboration has already seen several KPMG professionals undergo certification as Chainalysis Certified Investigators, equipping them with specialized skills to assist clients across various sectors, including financial institutions, law enforcement agencies, and government entities This initiative underscores KPMG Norway's dedication to staying at the forefront of forensic investigations and blockchain technology. Together, the two companies will continue co-hosting events that will foster the relationship between public and private sector organizations.

Enabling enhanced blockchain monitoring, governance, and risk management, KPMG Norway and Chainalysis are determined to provide comprehensive support to organizations navigating the evolving regulatory landscape surrounding crypto assets. This collaboration both strengthen KPMG Norway's position as a trusted advisor and reinforces its commitment to promoting compliance and integrity in the digital asset ecosystem.

"By combining KPMG's extensive expertise with Chainalysis' industry-leading technology, we can offer our clients a holistic approach to combating financial crimes in crypto transactions," says Johanne Andresen, Head of Virtual Assets & Blockchain at KPMG Forensic in Norway. "Our collaboration will empower organizations to proactively identify and mitigate fraud risks, ensuring a safer and more secure environment for conducting crypto-related activities."

Alex Cable, VP Northern EMEA, Chainalysis, adds, "We are thrilled to collaborate with KPMG Norway, a key player in the Norwegian professional services landscape. Together, we will equip organizations with the tools and knowledge needed to navigate the complexities of cryptoasset compliance and enforcement effectively."

The collaboration comes at a crucial time as the incidence of crypto-related fraud continues to rise globally. According to the data from Chainalysis, illicit transaction volumes reached unprecedented levels last year, underscoring the pressing need for proactive measures to combat financial crimes in the digital realm. 

KPMG Norway is a leading professional services firm, specializing in auditing, tax, M&A and consulting services. With 1850 coworkers spread across 23 offices covering all of Norway, the firm connects a wide range of expertise areas with the right technology to deliver high quality projects. KPMG has Norway's largest and most international forensic practice with over 100 professionals, dedicated to helping clients fight financial crime and build responsible business.

Chainalysis is the blockchain data platform, making it easy to connect the movement of digital assets to real-world services. Organizations can track illicit activity, manage risk exposure, and develop innovative market solutions with intelligent customer insights. Our mission is to build trust in blockchains, blending safety and security with an unwavering commitment to growth and innovation.