Manage Fraud Risks

At BraidPay, we prioritize the security of your transactions and implement robust measures to manage and reduce fraud risks.

Key Fraud Risk Management Features

1. Automated AML Screening:

   • BraidPay performs Anti-Money Laundering (AML) checks on each transaction. This screening helps detect and prevent illicit activities, ensuring that every transaction complies with regulatory standards and enhances the safety of the platform.

2. Real-Time Monitoring:

   • Our system continuously monitors transactions in real time to detect and flag any unusual activity. This proactive approach helps to prevent fraud before it can impact users.

3. Secure Identity Verification:

   • BraidPay’s KYC (Know Your Customer) process ensures that each user is verified, providing an additional layer of trust and security for transactions.

4. Self-Custodial Wallet Security:

   • By providing users with a self-custodial wallet, BraidPay ensures that only you have access to your funds, reducing the risk of unauthorized access.

5. Encryption and Data Protection:

   • All sensitive data, including personal and financial information, is encrypted to protect your privacy and secure your transactions.