Prevent fraud in the financial sector: screen your employees

By screening yourself, you place a heavy workload on your HR department  with a complicated and time-consuming process. This process can be much easier, more streamlined and audit-compliant  by default. Audit-compliant screening goes beyond just complying with the law. 

Do you know exactly who has been screened, which checks have been carried out in what way  and how the results have been recorded? 

This is what you want in your screening process:

• Full registation of employees, external parties and directors
• Clear documentation of all screening components
• Transparency through interim reports and follow-up of results

An organisation stands or falls with the right people. Integrity is crucial. By screening applicants, external parties and continuing to monitor existing staff, you minimise risks.  

Different institutions have different requirements for the screening processes (DNB, AFM, ECB, DORA, etc.)

Do you have insight into what is expected? Do you know what’s expected? We’ve listed the requirements for you.

Did you know a mis-hire costs 3 to 5 times the annual salary?

Ensure security in your organisation and do not take unnecessary risks. Insufficient screening can lead to reputational damage, violations and enormous damage to your customers. Prevent this by properly arranging your employment screening process from A to Z. Turn trust into your competitive advantage! 

• Manual processes: without a central overview or logging, you lose time and lack control over your screening process.
• Time-consuming : screening takes a lot of time within the organisation. Time that could be better spent on strategic HR, risk management or business operations.
• Lack of proper documentation:  with separate checks, it is difficult to pass audits and convince supervisors or stakeholders.
  
   

Of course, this is not ideal and you don't want this for your organisation. This is what you do want: 

• Efficient processes that save time and prevent errors.
• Outsource screening and support. From intake to delivery, so all data is stored central and audit-compliant.
• Source verification and interim insight so that you are always ready for an audit or control.

Our support department is ready to think along with you, answer complex questions and supervise processes on a daily basis. In this way, we not only take screening work off your hands , but also the worries surrounding it.
 

• ABN AMRO has embedded employment screening in the onboarding process. Every position is screened – from operational to management – and agreements are also made with suppliers. This way, the bank complies with legal obligations and ensures that the right people end up in the right place.
• Adyen has had a strong focus on integration of compliance and risk management processes during its rapid international growth. Their advanced technologies and structured approach to compliance contribute to reliability and trust in multiple markets. 

Curious about what we can do for your organisation?