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 Risk of Non-Compliance in Vendor Payments Reporting
Are you a gambler? Do you look forward to a conference in Las Vegas so you can get in a little action? How about when…
An OFAC Case Study
On November 25, 2019, Apple Inc. entered an agreement with the U.S. Department of Treasury to pay a civil penalty of $466,912. The fine is…
Avoiding the Men in Black – An OFAC Case Study
As she crossed the company parking lot early one morning, the director of shared services saw them. Men in black. Two of them. As she…
Video: IRS Form W-8 Expiration Date Tracker
You know W-8s expire, right? Here’s help tracking your foreign vendors’ W-8x forms’ expiration dates so you know when to collect updated forms and remain…
Video: Create a Substitute W-9
The IRS allows a substitute W-9 form and you can make onboarding easier for a vendor by combining your vendor setup form and IRS Form…