FINRA Gift Rules and Monitoring
Gift-giving and entertaining—commonly known as “wining and dining”—have long been integral to business practices, serving to build relationships and facilitate negotiations.
EMPLOYEE CONFLICTS OF INTEREST
Gifts and Entertainment Compliance Solutions
Avoid conflicts of interest surrounding employee gifts and entertainment spending and ensure anti-bribery regulations aren’t breached. Our Gifts And Entertainment product makes pre-clearing and reporting spends easier than ever.
FAST AUTOMATED DECISIONS
Pre-Clearance
- Employees quickly and easily fill out pre-clearance request forms and receive automated approval or denial decisions within seconds.
- Spend requests relating to specific individuals or companies are aggregated, to ensure that limits for each client, supplier, or employee aren’t exceeded.
- Define pre-selected lists of companies and contacts for employees to choose from when making G&E spend requests.
You can also pre-clear with the following STAR products:
Personal Trading, Private Investments, Outside Activity, Political Donations
Employee Conflicts of Interest Solutions
Ensure employee trading and investments meet all regulatory and internal policy requirements.
Gain comprehensive pre-clearance and post-trade oversight across 100+ crypto exchanges and 25+ blockchains.
Simplify declarations for employees holding non-publicly traded investments.
Track and report gifts and entertainment—given or received—to stay compliant with anti-bribery regulations.
Easily capture and manage employee disclosures for external business engagements.
Enforce pay-to-play thresholds and minimize employee-related risk with purpose-built tracking and controls.
Monitor employee trading against market activity and public news to detect potential insider risks.
YOUR FIRM, YOUR RULES
Gifts And Entertainment Rules Engine
- Highly configurable, the rules engine uses your firm’s code and policies to inform and automate the pre-clearance process.
- Define spending limitations by user group or job position to inform the rules engine of company limits.
- No more waiting on others to make changes. Manage and update the rules engine directly from your admin portal.
You can also create rules with the following STAR products:
SINGLE PLATFORM, CENTRALIZED DATA
Surveillance
- Leverage decision-making data from systems across your business—like expense systems and your CRM—with easy integrations into STAR.
- Define rules for automated cross-referencing of existing data when any request is made—reducing the potential for conflicts to slip between the cracks.
- Survey high-risk employee records automatically—quickly surfacing transaction anomalies or patterns of behavior that may require further investigation.
You can also survey with the following STAR products:
EASE REVIEWS AND INVESTIGATIONS
Case Management
- View all possible spending breaches that may require investigation. Have a record of every case cycle for audit purposes.
- Collate data and evidence, add annotations, and assign cases to relevant team members for resolution.
- Achieve comprehensive compliance monitoring—expense system integration means spends paid for on corporate cards can be captured and assessed.
This feature is available with the following STAR products:
A 360-DEGREE VIEW OF ACTIVITY
Reporting & Analytics
- 100+ reports pre-loaded into the STAR software.
- Useful visualizations make data easy to interpret.
- Generate and distribute reports automatically.
- Design and build your own, custom reports.
Trusted by firms around the world
On-Demand Configurability
Extensive workflows are highly configurable, powered by conditional logic.
Multi-Jurisdictional
Tailor time zone, currency, language, and more for global employees.
Intuitive UX
Drive employee adoption with ease and simplify employee access via standard authentication and/or single sign-on.
Actionable Intelligence
Quickly and easily get real-time analytics through customizable dashboards and reports.
Multi-Layered Protection
Safeguard sensitive data with multi-layered access rights based on division, department, role, location, and more.
Future-Ready Architecture
Gain a 360-degree view of your employee compliance anywhere with scalable, cloud-ready software and integrations with Snowflake, Thoughtspot, and PowerBI.
Featured Resource
2022 Compliance Benchmark Survey: Summary Findings
Find out how financial service firms around the globe are approaching employee compliance in Star’s annual benchmark survey
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