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Disclose payments made to third parties.


CONTROL ID
08904
CONTROL TYPE
Data and Information Management
CLASSIFICATION
Preventive

SUPPORTING AND SUPPORTED CONTROLS



This Control directly supports the implied Control(s):
  • Establish, implement, and maintain a third party payment system., CC ID: 08903

There are no implementation support Controls.


SELECTED AUTHORITY DOCUMENTS COMPLIED WITH



  • The organization may consider supporting the public disclosure of all information on taxes, fees, and royalties paid to the government for mineral extraction, export, and trade from conflict-affected and high-risk areas as part of its risk mitigation measures. (Annex III - Table Supply Chain Policy - Transparency on Taxes, Fees and Royalties Paid to Governments Bullet 2, OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, Second Edition)
  • Review policies and procedures in place to monitor originating customer balances for credit payments (e.g., payroll) to ensure payments are made against collected funds or established credit limits and daily caps. Also determine whether payments in excess of established credit limits and daily caps … (App A Tier 1 Objectives and Procedures Objective 8:9, FFIEC IT Examination Handbook - Retail Payment Systems, April 2016)