To ensure that the authorisation procedure is effective, companies must actively monitor employees’ compliance with it. This can be achieved with control mechanisms that could include hierarchical (management) control, accounting control and internal control and audit.
The AFA guide should help – not only French – companies to critically examine their current practice on gifts and hospitality and sets reliable guidelines and best practices. Following the guide is an important step in making sure the company’s compliance programme meets the requirements of Sapin II. And, of course, it helps to safeguard company reputations and reduce compliance risks, something which always pays off.