Anti-Fraud Protection
Learn how Xepeng prevents fraud and keeps every transaction safe
What is Anti-Fraud?
Anti-fraud is a series of steps and systems used to prevent fraud, detect suspicious activities, and protect merchants and users from risky or unauthorized transactions. In the world of digital assets and digital transfers, anti-fraud is crucial because transactions are fast and irreversible.
Anti-Fraud at Xepeng
Xepeng implements various anti-fraud mechanisms to ensure the security of crypto-to-IDR transactions.
Liveness check and KTP verification are used to prove that the document is not being used by someone else and that the document is registered with Dukcapil (Indonesia's civil registry).
Xepeng conducts AML screening by matching buyer identity information (name, nationality, and data from identity documents) against various comprehensive risk databases. This screening includes:
Screening against individuals on official sanctions lists from global institutions and national authorities.
Identification of individuals who hold strategic public roles or have close relationships with high-ranking state officials.
Detection of potential buyer connections to relevant criminal records.
Research of media information regarding alleged criminal acts, fraud, or risky financial activities.
Every transaction must have a clear basis (invoice/booking). This ensures that all conversions are legitimate and tied to actual business transactions.
Know Your Payment (KYP) is a critical component of our anti-fraud system. By requiring proof of the underlying transaction, we ensure that digital assets conversions are not used for money laundering or other illicit purposes.