Does CanadaHelps safeguard against the possible use of cryptocurrency donations for fraudulent purposes?
Yes. Our process is inclusive of an automatic check against global and local compliance lists to identify and prevent cryptocurrency transactions from frozen or suspicious accounts. In addition, CanadaHelps performs additional due diligence if any atypical information is detected related to the donation amount, donor information and/or the recipient charity.
Since the beneficiaries of cryptocurrency donations made using CanadaHelps are registered Canadian charities, the risk of use for fraudulent purposes is low.