Regulatory Alerts2012-03-22
Solicitation of Contributions from Customers by Employees of a Banking Corporation
The Supervisor of Banks issued this regulation to clarify procedures for banking employees soliciting contributions from customers for public purposes. The document mandates that employees must avoid any appearance of preferential treatment or harm to customer relations resulting from donation decisions. It further restricts activities by prohibiting personal solicitation, requiring management notification, forbidding solicitation on bank premises during work hours, and ensuring funds are transferred directly to the intended charitable body.
Share