Vendor Master File Cleaning: Nine Steps to Ensure Accuracy and Compliance
There are nine essential steps involved in cleaning up a vendor master file. These steps include several actions that should occur at vendor onboarding but…
A Classic Case of Vendor Email Compromise
Criminals are compromising emails to steal money from businesses, governments and institutions. Any organization can be a target: businesses of any size, health care organizations,…
Special Report: Criminal Business Email Compromise
Are You Prepared? Aggressive Cybercriminals Are Sophisticated; Security, IT and Finance Teams Must Be Too People receive more than 120 emails at work per day…
Are You Certifying Your Payees?
U.S. organizations that issue payments of U.S. source income to U.S. or foreign payees are required to solicit and obtain valid certification of the payee’s TIN, name,…
Reducing Risk in Vendor Onboarding
Do not overlook the risks inherent in bringing in new vendors to your organization. The level of risk varies in degree according to types, amounts and…
Those Annoying Password Rules
Are you required to change your password every quarter? Do you have to include special characters in your passwords? It is annoying but also easy…
OFAC-Issued Guidance: A Sanctions Compliance Framework
If you are mystified by your company’s compliance responsibilities related to sanctions, there is help. In 2019 the Department of Treasury’s Office of Foreign Assets…
The Hazards of Collecting Vendor Data via Email
How do you collect your vendors’ W-9 information? What about bank information for ACH payments? Here is an instruction that one organization includes on its ACH…