Fraud during the pandemic

November 30, 2020


Q.¬†With the pandemic situation and remote work, we hear that fraudsters have been proliferating and successful in obtaining payments illegally.Therefore, can I please ask you to tap collective wisdom of AP professionals and discuss what are current methods of bank details verification to avoid payment fraud in supplier payments, as well as other¬†methods of payment fraud?Was the existing vendor verification policy changed with the transition to remote work/work-from-home?Was there an increase in…

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