KPMG and Chainalysis Partner to Strengthen Crypto Fraud Detection and Compliance


KPMG in Canada has formed a strategic partnership with Chainalysis, a blockchain surveillance firm, with the aim of enhancing efforts against crypto asset fraud. This collaboration marks KPMG's entry into the Chainalysis Solution Provider program and focuses on providing improved monitoring and risk management tools for cryptocurrency exchanges, financial institutions, and government agencies. The announcement, made on Wednesday, states that this initiative is a response to the increasing sophistication of crypto-related criminal activities.

Strategic Alliance Formed Between 'Big Four' Member KPMG and Chainalysis

KPMG, a multinational professional services network and one of the 'Big Four' accounting organizations, has revealed its partnership with Chainalysis, a blockchain surveillance firm. Through this alliance, KPMG professionals will become certified investigators in Chainalysis, enhancing their ability to detect and prevent illicit activities in the crypto sector.


According to Kunal Bhasin, a partner and crypto and blockchain co-leader at KPMG in Canada, "This collaboration will help to further solidify KPMG's expertise in forensic investigations and crypto assets and blockchain technology."

This collaboration between KPMG and Chainalysis is the first of its kind for the company and focuses on blockchain monitoring, support, governance, and risk management. The partnership aims to assist organizations in adhering to financial regulations and enhancing their anti-money laundering (AML) compliance programs. Enzo Carlucci, a national forensic leader at KPMG, explains that the collaboration aims to provide organizations with the necessary tools to understand fraud and financial crime risks.

In its announcement, KPMG highlights the findings of the latest Chainalysis 2023 Crypto Crime Report, which reveals that cryptocurrency-based illicit transactions amounted to $20.6 billion last year. Moreover, KPMG cites reports from the Ontario Securities Commission Contact Centre and the Canadian Anti-Fraud Centre, which indicate significant increases in crypto-related complaints and fraud losses in recent years.

What are your thoughts on the partnership between KPMG and Chainalysis? Share your opinions in the comments section below.

Frequently Asked Questions

Can you make money from a gold IRA

You must first understand the market and then know which products are available to make money.

You shouldn't trade if you don't have the right information.

It is important to find a broker who provides the best services for your account type.

You can choose from a variety of accounts, including Roth IRAs or standard IRAs.

A rollover is also an option for those who already own stocks and bonds.

Can I keep my gold IRA at work?

An online brokerage account will allow you to invest in the most secure way possible. Online brokerage accounts offer all the same investment options and you do not need any special licenses. You don't have to pay any fees for investing.

Many online brokers also offer tools that can help you manage your portfolio. To see the performance and trends of your investments, you can download charts from these brokers.

Is it a good idea to open a Precious Metal IRA

Answers will depend on whether you have an investment goal or how high you are willing and able to tolerate risk.

Register now if you want to save money for retirement.

Precious metals will appreciate over time. They offer diversification advantages.

Additionally, silver and gold prices tend to move in tandem. This makes them an excellent choice for investors in both assets.

Do not invest in precious metals IRAs if your goal is to save money or take on any risk.

What are the three types of IRAs?

There are three types: Roth, Traditional, and SEP. Each type has its benefits and drawbacks. Each of these types will be described below.

Traditional Individual Retirement Account (IRA)

A traditional IRA allows pre-tax money to be contributed to an account. This allows you to earn interest and defer taxes. You can withdraw money from the account tax-free after you retire.

Roth IRA


Roth IRAs allow you after-tax dollars to be deposited into an account. Any earnings will grow tax-free. Withdrawals from the account are also tax-free when you withdraw funds for retirement purposes.


This is similar in structure to a Roth IRA. However, employees will need to make additional contributions. The additional contributions are taxed but earnings remain tax-deferred. If you leave the company, you can convert the entire amount to a Roth IRA.

How Much of Your IRA Should Include Precious Metals?

Protect yourself from inflation by investing in precious metallics like silver and gold. It's more than just an investment in retirement. It also prepares you for any economic downturn.

Gold and silver prices have increased significantly over the past few years, but they are still considered safe investments because they don't fluctuate as much as stocks do. These materials are in constant demand.

Predictable and stable prices for gold and silver are common. They tend to increase when the economy is growing and decrease during recessions. This makes them great long-term investors and money-savers.

Your total portfolio should be 10 percent in precious metals. If you wish to diversify further, this percentage could be higher.

What are the pros & con's of a golden IRA?

An excellent investment vehicle is a gold IRA. This is for people who wish to diversify but do not have access to traditional banking services. You can invest in precious metals like gold, silver, or platinum, without having to pay taxes until the gains are withdrawn.

There is a downside to this: if you withdraw your earnings early, you'll be subject to normal income tax. The funds are not located in the country and can be easily seized by creditors if your loan defaults.

A gold IRA might be the right choice for you if you enjoy owning gold and don't worry about taxes.

What precious metals could you invest in to retire?

First, you need to understand what you have and where you are spending your money. You can start by making a list of all your assets. You should list all savings accounts, stocks and bonds, mutual funds certificates of deposit (CDs), annuities, life insurance policies, annuities 401(k), real estate investments, and any other assets like precious metals. You can then add up all these items to determine the amount of investment you have.

If you are under 59 1/2 you should consider opening a Roth IRA Account. Traditional IRAs allow you to deduct contributions out of your taxable income. Roth IRAs don't. However, you can't take tax deductions from future earnings.

If you decide that you need more money you'll need another investment account. Start with a regular brokerage.


  • Silver must be 99.9% pure • (
  • You can only purchase gold bars of at least 99.5% purity. (
  • To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (
  • The maximum yearly contribution to an individual's IRAs is currently $6,000 ($7,000 for those 50 years or older), or 100% of earned income, whichever is less. (

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How To

How to get started buying silver with an IRA

How to get started buying silver with your IRA – Owning physical bullion directly is the best way for you to invest in silver and gold. Silver bars and silver coins are a popular way to invest because of their liquidity, diversification, convenience, and ease.

There are several options for buying precious metals, such as silver and gold. You can purchase them directly through their producers, which include mining companies or refiners. You can also purchase them through a dealer, who buys and sellers bullion products, if you don’t want to deal directly with the producer.

This article will explain how to invest in silver with an IRA.

  1. Investing directly in Gold & Silver – This is your first choice for buying precious metals. This is the best way to get bullion right from the source and have it delivered straight to your house. Some investors decide to keep their bullion at their home while others prefer to store it in an insured storage facility. It is important to properly store precious metals when you want it to last. Many storage facilities provide insurance coverage against fire, theft, and damage. However, even with insurance you could lose your investments due to natural catastrophes or human error. This is why it is a good idea for precious metals to be stored in a safe deposit container at a bank/credit union.
  2. Buying Precious Metals Online – If you'd rather avoid carrying around heavy boxes of precious metal, then one alternative is to buy bullion online. Bullion dealers sell bullion online in many forms, including coins or bars. You can find coins in many sizes, shapes, or designs. Generally speaking, coins are easier to carry around and less expensive than bars. There are many sizes and weights of bars. Bars can weigh hundreds of lbs, while others weigh only a few ounces. You should consider the purpose of the bar before you decide on which one to get. If you plan to use it as a gift, you might want to consider something smaller. If you are looking to add it as a gift, or to proudly display it, you may want to spend a bit more and buy something larger.
  3. Buying Precious metal from Dealers-A third option is buying bullion through a dealer. Most dealers are experts in one part of the market: gold or silver. Some dealers are experts in specific types of bullion such as rounds and minted coins. Some specialize in particular regions. Others are specialists in bulk purchases. Regardless of which dealer you choose, you'll likely find that they offer competitive prices and convenient payment methods.
  4. Buy Precious Metallics from Retirement Accounts. While technically not an “investment”, it's possible to invest in retirement accounts to gain exposure. To qualify for tax benefits under Section 219 of the IRS Code, you must invest in precious metals through a qualified retirement account. These include IRAs, 401(k)s, and 403(b) plans. These accounts can offer better returns than other investment options because they are specifically designed to help you save money for retirement. Many of these accounts let you diversify your holdings across multiple types of metals. What is the drawback? The drawback? These accounts are only available to employees of employers who sponsor them.


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