What are financial background checks?

In this blog, we’ll talk through Financial Background Checks specifically. These are a standard part of the pre-employment vetting process, and a core background screening service. Finances can be a difficult point of conversation for many, whether they’re going through the screening process or not.

What happens if you fail a financial services background check?

Financial services employees routinely access sensitive information about their employers and their customers as well as their employer’s cash. Failing to conduct a financial services background check could result in losses caused by embezzlement, identity theft, and negligent hiring liability.

Does a background check include a credit report?

Although background searches use publicly available records, some can also include your credit report, which can give an idea of your private life. Precisely because of this, federal law states that signed authorization is always required to obtain your credit report.

What information is included in an international background check?

Information may include actions such as restraining orders or breach of contract suits. An international background check may include criminal history, global watchlists, education and employment verifications outside of the US.