Financial Services
Background screening for the financial services industry.
The Financial Conduct Authority (FCA) maintains a registry of individuals who are prohibited from holding specific positions within financial services.
Background screening of applicants in the financial services sector is a common practice for several reasons, primarily aimed at ensuring the integrity, trustworthiness, and suitability of individuals who will be handling sensitive financial information and making decisions that can impact the financial well-being of clients and the organization itself.
Efficient & user-friendly employment screening for financial services.
With our background screening software it’s quick and easy to prepare candidates for screening, select from the variety of checks available, and monitor each candidate’s screening progress as we complete it.
To learn more about how our screening services can help your organisation, or to book a demo, please get in touch.
Why implement background screening in the financial service sector?
Mitigate the risk of fraud, theft, or misconduct by identifying individuals with a history of criminal activity, financial irregularities, or unethical behaviour.
Risk Mitigation
Financial institutions deal with sensitive customer information, handle significant amounts of money, and have access to critical systems. Background screening helps mitigate risk.
Regulatory compliance
Financial service organizations are subject to various regulatory requirements, such as anti-money laundering (AML) and Know Your Customer (KYC) regulations. Background screening helps ensure compliance with these regulations by verifying the identity, background, and qualifications of individuals working in the sector.
Client Interests
Clients trust financial service providers to handle their assets and confidential information. Background screening helps safeguard client interests by ensuring that employees have the necessary qualifications, experience, and integrity to fulfil their responsibilities and maintain confidentiality.
Regulatory Reporting Obligations
Some financial service organizations are required to report certain employee information to regulatory bodies. Background screening enables the collection of relevant data, such as criminal records or credit history, to fulfil these reporting obligations accurately.
Checks & packages
Customise your screening package with checks that suit your organisation.