Just as strict international anti-money laundering regulations have made it essential for financial institutions to practice “know your customer” due diligence, the need to “know your vendor” plays a similar role in mitigating fraud and regulatory risk for businesses in all industries. Learn how to assess the background of a variety of payment recipients (vendors) to identify red flags, adverse information, conflicts of interest and fictitious entities. Determine: Is this a “real” vendor or agent with a business profile? Who owns the vendor and are there potential conflicts of interest with employees or other vendors? What is the relationship of the vendor to government officials? Is the vendor associated with organized crime, terrorist groups, money laundering, bribery or corruption?