A business has several responsibilities to ensure clients and customers are protected, as well as other employees. As well as ensuring it is screening other companies it deals with, a company must also ensure the relevant background checks are carried out regarding new employees.
Regardless of whether you’re hiring new employees or want to create a new investment opportunity for customers, then you should ensure that document verification is part of the process in either case.
Document Verification Helps Businesses with Anti-Money Laundering Checks
Anti-money laundering checks, often abbreviated to AML Checks, are necessary for businesses dealing with investments or other financial activity. Criminals can subject a company to money laundering without ever being away, risking its own capital and that of genuine investors.
A business must show that all efforts have been made regarding omitting money laundering, including unusual financial activity and document verification. Fortunately, a proactive company can contend with both and ensure the necessary safeguards are in place.
Ensure a Person Has the Right to Work in the United Kingdom
In addition to AML Checks, a business must also ensure that a person can work in the United Kingdom. Those moving from another country to work in the United Kingdom will often have a visa,
Although many visas look official, using a professional agency to process document verification checks ensures that there is never any fraudulent paperwork being dealt with when checking if a person can work in the UK.
Ensure DBS Checks are Genuine
In most instances, a company will carry out a DBS Check on behalf of a person. However, those who only require a Basic DBS Check can request this themselves and then give the completed disclosure to the company.
Understandably, some businesses can be concerned that some may try to use fake DBS Checks, which is why document and identity verification has become popular when hiring people for roles.
How Often is a Credit Search Required
There is no set schedule for when a business should carry out credit checks. Hard credit searches are kept on a person’s file for 12 months, so companies must be mindful of this when using a credit check for employment.
Those running a credit check for loans and credit cards will often do so when an application is made. Future checks cannot be made without the person’s permission and should only be done when an application is made.
Although the complete onus of background checking isn’t the responsibility of businesses and organisations, they do have a responsibility to ensure that in-depth assessments are carried out to ensure there is no risk to employees and companies. Should a business fail to carry out background checks, there can be a series of ramifications.
Those wanting to avoid the risks of fake documentation should employ the services of a document verification service, even if only handing a few documents. It only takes one fraudulent document to cause problems, which is why so many professionals rely on document verification to avoid legal claims and other consequences.