Bank Bribery Act

Under the bank bribery statutes, employees of a financial institution are NOT permitted to accept items of value from anyone connected with a business deal in return for a favor or service:

At any time, regardless of where the deal is in the completion process

Financial institution employees may never accept a loan from another financial institution, even if the purpose is to purchase a house.

F

Under the bank bribery law, all items of value, offerings, or gifts given are considered bribes.

False

Employees at a financial institution are permitted to accept an item of reasonable value if the item given is:

For a recognized event

Special exceptions to a financial institution's code of conduct regarding bribery must be clearly documented with _____ the gift.

Full disclosure about

A gift of reasonable value may be legally permitted under the bank bribery law if it:

Has no opportunity for gain associated with it

The most common exceptions to the bank bribery law are:

Holiday parties

Bribery is the illegal practice of a party offering, promising, or giving someone money, power, favors, or other items to persuade or induce that person to act in a way that is dishonest, unethical, or improper, or to obtain an __________ advantage.

Illicit

One reason a person might try and bribe a financial institution employee is to:

Obtain more favorable terms

Accepting advertising or promotional items if the general public is also entitled to the same items under the same conditions is:

Permitted

An employee accepting an award from an organization in recognition of his or her charitable or civic services is:

Permitted

If you are at a two-day business meeting in another town and after the first day of meetings the customer takes you to dinner, this is _____ under the bank bribery statutes.

Permitted

Accepting discounts on services that exceed amounts available to other customers is:

Prohibit

A customer who owns a jewelry store offers you a free gold necklace if you backdate a loan payment in the branch computer system so he doesn't receive a penalty fee for late payments. Accepting this gift is:

Prohibited

It is permissible to accept an item of value if it is based on a relationship that exists _____ an individual's employment at the financial institution.

Regardless of

It is legal to let a customer pay for expenses associated with a business meeting if:

The items the customer pays for would otherwise be paid for by your branch as a typical business expense

Accepting a bribe may jeopardize your financial institution's reputation.

True

An employee is permitted to accept a salary for doing regular business.

True