Fraud risk refers to the potential for malicious actors to scam, steal, or issue unauthorized transactions. Given the irreversible nature of onchain transactions, thorough verification processes (e.g., Know Your Customer [KYC]) for withdrawals are imperative to ensure transaction authenticity and mitigate potential risks. This policy also focuses on ensuring accurate reporting of tax-deductible activities and the compliant use of our products by users. Effective management of fraud risk is essential to maintain financial integrity, regulatory compliance, and the trust of our stakeholders and donors.
Endaoment is committed to providing secure accounts accessible only to properly KYC’d users and administrators. We strive to guard against tax deductibility-related fraud and misuse of Donor-Advised Funds (DAF). We manage these risks through robust KYC processes during both account creation and significant off-platform transactions (e.g., disbursements, rollovers). Compliance with this policy is mandatory for all employees, contractors, board members, and representatives acting on behalf of Endaoment.
Fraud Risk Inventory and Classification
Threat Analysis
KYC Processes
Access Control Measures
Transaction Verification
Continuous Transaction Monitoring
Incident Reporting Mechanism
3Rs Review Process
Yearly Third-Party Financial Audit
KYC Processing
Multisignature Wallet Use
Transaction Monitoring
Transaction Review Process
Access Removal Procedures
Fraud risk refers to the potential for malicious actors to scam, steal, or issue unauthorized transactions. Given the irreversible nature of onchain transactions, thorough verification processes (e.g., Know Your Customer [KYC]) for withdrawals are imperative to ensure transaction authenticity and mitigate potential risks. This policy also focuses on ensuring accurate reporting of tax-deductible activities and the compliant use of our products by users. Effective management of fraud risk is essential to maintain financial integrity, regulatory compliance, and the trust of our stakeholders and donors.
Endaoment is committed to providing secure accounts accessible only to properly KYC’d users and administrators. We strive to guard against tax deductibility-related fraud and misuse of Donor-Advised Funds (DAF). We manage these risks through robust KYC processes during both account creation and significant off-platform transactions (e.g., disbursements, rollovers). Compliance with this policy is mandatory for all employees, contractors, board members, and representatives acting on behalf of Endaoment.
Fraud Risk Inventory and Classification
Threat Analysis
KYC Processes
Access Control Measures
Transaction Verification
Continuous Transaction Monitoring
Incident Reporting Mechanism
3Rs Review Process
Yearly Third-Party Financial Audit
KYC Processing
Multisignature Wallet Use
Transaction Monitoring
Transaction Review Process
Access Removal Procedures