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Luisa Crawford Nov 01, 2024 00:25
AlixPartners partners with Chainalysis to boost forensic investigations and compliance services in the digital asset sector, leveraging advanced blockchain technology.
AlixPartners has announced a strategic partnership with Chainalysis to enhance its digital asset support services, particularly in forensic investigations and risk compliance, according to Chainalysis. This collaboration comes in response to the increasing complexity of crypto fraud and the evolving regulatory landscape, necessitating robust solutions for forensic investigations and compliance assessments.
Strengthening Forensic Capabilities
As part of this alliance, AlixPartners will join the Chainalysis Services Provider program, enhancing their litigation support capabilities within the global digital assets industry. This includes cryptocurrency tracing, forensics, compliance assessments, data analytics, and expert witness testimony. The collaboration will see AlixPartners professionals trained as Chainalysis Certified Investigators, thereby expanding the range of services available to Chainalysis clients.
Meeting Industry Needs
Cryptoasset exchanges, crypto-native companies, financial institutions, and government agencies are increasingly seeking innovative solutions to track crypto transactions for investigative and compliance purposes. By integrating Chainalysis’ proprietary blockchain data monitoring technology, AlixPartners aims to enhance its ability to identify and trace a wide array of digital assets and assess associated risk levels.
Leadership Insights
David White, Partner and Managing Director at AlixPartners, emphasized the importance of the partnership, stating that the alliance underscores their commitment to enhancing clients' capabilities in investigating and responding to crypto-related legal issues. Shannon Hughes, Head of Business Development and Partnerships at Chainalysis, highlighted the collaboration as a significant milestone in building trust in blockchain technology.
Combating Crypto Crime
The backdrop for this partnership is the intensifying landscape of crypto fraud, which has paralleled the rise in crypto ownership. According to the Chainalysis 2024 Crypto Crime Report, cryptocurrency-based illicit transactions totaled at least $24.2 billion last year. The collaboration aims to mitigate such activities and build trust in the future of finance.
About AlixPartners
AlixPartners is a global consulting firm specializing in addressing complex business challenges. Founded in 1981 and headquartered in New York, it operates in over 20 cities worldwide, providing expertise in areas such as forensic investigations and risk compliance.
About Chainalysis
Chainalysis is a leading blockchain data platform that connects the movement of digital assets to real-world services. It helps organizations track illicit activities, manage risk exposure, and develop market solutions with a focus on building trust in blockchain technology.
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