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Comment by SteveNuts

2 days ago

The CEO can give orders, but there should be literally no way for a single person to transfer that much money without approval.

Even our accounting system is integrated with a vendor management platform that first verifies the recipient is a known vendor, and tied to the banking part that actually issues an ACH/wire transfer such that it can't happen until approved.

The fact that there's essentially zero governance at a bank is unacceptable.