|Questions about this subject?
|Contact Magnus Carlsson, Manager, Treasury & Payments.
Thanks to J.P. Morgan for its underwriting support of the 2016 AFP Payments Fraud & Control Survey.
2016 AFP Payments Fraud and Control Survey
In 2015, fraud activity was at an all-time high after steady declines from 2009 to 2013. Criminals are managing to successfully attack organizations’ payment systems. Though checks continue to be most often subject to fraud, there is an increase in fraud via wire transfers and corporate/commercial credit cards.
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Magnus Carlsson, Insights on the Survey Results:
- Proposed 385 Regs: IRS Will Look Back 3 Years at Your LoansImagine a scenario where the IRS looks back three years at an intercompany loan you made to a foreign subsidiary and determines that it is equity. At the very least, you would have to pay more taxes and re-state your financial statements. That’s just one nightmare scenario envisioned under proposed changes to IRS section 385 rules.
- 7 Ways Treasurers Can Engage More Effectively with the BoardAt the CTC Corporate Treasurers Forum, treasury and finance executives from Brocade Communications led a roundtable discussion on how to engage with the board of directors more effectively.
- 8 Traits That Define the Best Digital Banking PlatformsGreenwich Associates has identified eight characteristics that define best of breed digital-banking platforms. Treasurers and finance executives should consider these characteristics in the context of their organizations’ offerings.
- Money Fund Reform: Investments Will Move, Then Move BackMonday afternoon during a general session at the CTC Corporate Treasurers Forum, Richie Prager, managing director, head of the trading, liquidity and investments platform for BlackRock, provided insights into how much money will move from prime money market funds to government funds ahead of October 2016.
- CTC Forum: 3 Ways Technology is Impacting Payments, TreasuryMonday
Morning at the CTC Corporate Treasurers Forum, keynote speaker Jackie
Reses, capital lead for Square, weighed in on how emerging
payments technology is impacting key areas of finance and treasury. She pointed
out three key ways that corporate can use developing technologies to improve