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Words to live by...
by Connie Mosier (VP Risk Management), Feb. 2, 2010 I have a friend and every time I see him and ask, "how's it going?", he responds with "could be worse". If you think about it, for the vast majority of people, that truly is the case.- For the office worker that is getting headaches from staring at a computer monitor every day, it could be worse. He/she could have a malignant brain tumor, not just an eye strain headache.
- For the infant with recurring ear infections, it could be worse. He/she could have contracted swine flu, not just a minor infection treatable with antibiotics or insertion of tubes.
- For the soldier with young children who was injured in Iraq and now back in the US, it could be worse. He could have been killed overseas and missed the experience of raising his children.
How well do you know your customer?
by Connie Mosier (VP Risk Management), Sept. 14, 2009 In today's environment where fraudsters keep getting more creative and more resourceful, it is increasingly imperative to KNOW YOUR CUSTOMER!Why?
- Federal law (Department of Treasury, Office of Foreign Asset Control - OFAC) prohibits you from conducting business with individuals or organizations on the OFAC list.
What is the OFAC list? The list identifies restricted, sanctioned, prohibited and high-risk individuals and businesses. This includes known terrorists, money launderers, fraudsters, politically exposed persons (PEPs) and black-listed persons, entities and countries. - Knowing your customer will help protect the financial stability and long-term viability of your company. Unfortunately, there have been instances recently of fraudulent clients in the payroll environment. Please use caution and perform due diligence when providing payroll services to start-up companies that show urgency to get direct deposit - this is a red flag!