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Question: At this season, some of our best customers would like to show their appreciation for outstanding service by making gifts to certain employees. Any problem with this?
Answer: Probably. Under the Bank Bribery Act, it is a crime for anything "of value" to be given/received in exchange for a banking activity (loan, account, vendor relationship). This law has been clarified by FDIC guidance. http://www.fdic.gov/news/news/financial/2005/fil10505a.html If the gift relates to a family relationship, of course it is okay. The bank should have a good code of ethics to guide its employees.
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