Build a Watchlist Compliance Matrix to Avoid Fraud and Fines
Live Date: Wednesday, February 21, 2024
On-Demand Access: Last Recorded Session
Trainer: Debra R Richardson, MBA, APPM, APM, CPRS
session description
Are you a US company? You may be familiar with OFAC, but do you know what other watchlists are required based on your company attributes or your vendor's? Join this session and start building a watchlist compliance matrix that is customized for your company. Walk through 5-steps to discover how to determine which watchlists are applicable for your company and what you should do if a vendor is found on a watchlist. Together with Financial Operation Network’s VendorInfo, don't miss how to avoid fraud and fines by performing the required watchlist validations, and how automation can make the process more efficient.
Sponsored by Financial Operation Network’s VendorInfo, a cloud-based solution that integrates with your ERP system and provides a secure and easy way to onboard and manage your vendors.
Immediate Takeaways:
Biggest pain points in the watchlist screening process that result in fraud and fines
A common required watchlist validation most likely NOT being performed by your company today
5 Important steps to identify watchlist screenings required for your company to be compliant
Ready to customize Watchlist Compliance Matrix - Template pre-filled with 42 watchlists
Download: Watchlist Compliance Matrix - Template
Download: Compliance Responsibilities in Vendor Setup
Download: PDF of the Presentation
session content
Trainer
Debra R Richardson, MBA, CFE, APM, APPM, CPRS
With over 20 years at Fortune 500 companies including Verizon, General Motors, and Aramark, she trains you and your team with the authentication techniques, internal controls, best practices and vendor validations to avoid fraud, fines and bad vendor data.
A Certified Fraud Examiner (CFE), Debra has extensive experience with many of the most prevalent ERPs, including SAP, PeopleSoft, NetSuite, Intacct and Munis, and have helped those in the private or public sector prevent internal and external fraud.
She serves on the NACHA ACH Network Advisory Board, is the Ask The Expert for vendor master file questions with IOFM, is the Chapter President for the Central Atlantic Region IOFM Chapter, and was named one of the Top 10 AP Influencers three years by the AP Association.
The Debra Richardson, LLC logo including Putting the AP in Happy® is a registered trademark of Debra R Richardson LLC AUTHENTICATION.VALIDATION.MANAGMENT™ is a trademark of Debra R Richardson LLC
