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,…
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 VMF, Vendor Onboarding and the P2P Process
Procure-to-pay—also called purchase-to-pay or source-to-settle—refers to the entire process of procuring goods and services from start to finish. The process begins with identification of need…
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…
Verifying Vendor TINs – The IRS TIN Matching Program
Want to save time, work and potential penalties? First, get your vendors’ tax ID numbers (TINs) and tax classifications upfront. Then validate those TINs. Way…
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…
Are You OFAC Compliant? Or Do You Just Think You Are?
Threats to businesses abound, and given that accounts payable issues payments, it is a prime target for criminal perpetrators of all kinds. In addition to…