Gifts and Entertainment Retraining a Top Compliance Concern

ComplySci Stats: 60% of Compliance Departments Have Seen an Increase in Gifts and Entertainment Activity

As businesses in the United States gradually return to the office, it’s no surprise that employees across the financial services industry are getting out more. With this increase in activity, compliance is focused on retraining employees to ensure that they know important gifts and entertainment guidelines.

These dual trends were evident in the results of a recent informal survey taken of compliance professionals who participated in a recent ComplySci Supervisor Webinar. Here is what we learned:

  • 60% of attendees said that as Covid-related restrictions have loosened, they have seen an increase in gifts and entertainment activity
  • 64% of attendees said that as workers in their organizations returned to the office, the most important proactive step compliance departments were taking with respect to gifts and entertainment was retraining

It’s up to compliance departments to mitigate the threat of non-compliance. ComplySci can help ease the burden on compliance staff and employees by eliminating inefficiencies and roadblocks in the pre-approval and reporting processes.

Mitigate G&E Risk. Request a Demo of ComplySci Today.