Financial And Investment Planning Employment Background Check
Employment Background Checks For The Financial Planner And Investment Industry
Financial planners and investment advisory companies all have the same risks from undesirable employees.
Losses arising out of employee or manager theft, embezzlement, credit card fraud, harassment, workplace violence and other crimes can bring costly and even disastrous financial consequences to a financial planning or an investment firm, it’s employees and it’s reputation.
Investment businesses know the cost of a “Bad Hire” is incalculable….
FBI statistics reveal that the overwhelming majority of all thefts from financial businesses are connected by some aspect of employee involvement.
These facts alone dramatically illustrate the need for a thorough and comprehensive pre-employment background screening program that includes a quality nationwide state and Federal criminal record background check for all applicants.
Clearly, a quality employment background check screening program is an employer’s first line of defense in avoiding losses altogether.
And, sometimes it provides the best and perhaps only defense in a negligent hiring claim.
Our criminal record “Smart Search Plus®” includes all searches included in the criminal record smart search, but also includes an unlimited check of Federal criminal records. It is increasingly important to check these added Federal records as they now make up as much as 10 percent of all criminal records. And, those charged in the Federal criminal system have been charged with some of the most serious crimes.
Our criminal record “Smart Search®” is an excellent and comprehensive criminal record background check that provides a thorough background screening criminal records search of state and county criminal record repositories, but does not include a check of the Federal criminal records in each state as included in our criminal record “Smart Search Plus®” .
For an example of an applicant with a Federal criminal record but no state or county arrest record , Click Here.
This record would not have been found without a check of the separately maintained Federal criminal records systems which contains about 10 per cent of all arrest records.
1. All of our criminal records background checks include a multi-state criminal background check and also includes a check of the sex offender registry (SOR) in all 50 states.
The Multi-State criminal background check also includes:
OFAC Blocked List- Terrorist Watch List (Office Of foreign Assets Control),
INTERPOL Most Wanted- NS,
DEA Fugitive List,
Denied Persons List,
OTS List- NS (Office Of Thrift Supervision),
Bank of England Sanctions List- NS,
European Union Terrorism Sanctions List- NS,
OSFI – Canadian Sanctions List- NS,
Australian Reserve Bank Sanctions List- NS
A 10 year social Security Number address history Trace.
A County or State criminal background checks from any county or State of residence based on the last 7 years social security number address history, from counties or states not already included in the multi-state criminal background check.(This averages 1.75 additional county criminal background checks.)
These county or State criminal background checks are ordered for you automatically based on addresses shown in the applicant’s social security number trace.
Criminal records returned on the multi-state criminal are also verified in the jurisdiction of record by ordering up to date county criminal records as required by the Fair Credit Reporting Act.