Many companies have effective pre-employment screening policies in place, but contrary to popular belief, the need for screening doesn’t end when hiring is complete.
Regular rescreening when warranted and continuous monitoring of credentials will help you ensure that your organisation is protected from the actions of employees and staff, before or during their employment, that may pose a risk to your company and its reputation.
Again, depending on the risk of the position rescreening of checks that could have changed should be implemented.
These include but are not limited to:
• Driver’s licenses depending on the date of expiry of the license
• Social media risk assessments
Should employees resist the introduction of a rescreening programme, it can initially be implemented at the point of transfer or promotion. However, it is essential that employees at all levels of your company are screened regularly to ensure their hiring information remains correct and that they are not engaging in questionable behaviour that may reflect poorly on your company.
Certain checks are legally required to be done at regular intervals and examples of these are:
These are typically used by financial institutions and certain designated non-financial businesses and professions to comply with anti-money laundering and counter-terrorist financing regulations.
Designated Non-Financial Businesses and Professions (DNFBPs) refer to a category of entities or professions that are not primarily financial institutions but are susceptible to being used for money laundering and terrorist financing activities.
DNFBPs are often considered high-risk due to the nature of their business activities and the potential for handling large sums of money or facilitating transactions that could be exploited for illicit purposes.
Here are some examples of DNFBPs:
- Attorneys and Legal Professionals:
- Accountants and Auditors:
- Real Estate Agents and Brokers:
- Trust and Company Service Providers (TCSPs):
- Dealers in Precious Metals and Stones:
- Dealers in high-value goods such as art, antiques, and collectibles
- Casinos, gambling establishments, and betting operators.
- Money or value transfer services (MVTS) providers that are not classified as financial institutions.
Industry Specific Registration Documents
Certain industries require registration and compliance with the industry authority and should someone from a specific industry be in your employ you should be constantly reviewing their compliance documents.
Some examples of industries requiring regular registration are:
- Teachers
- Security Officers
- Health Professionals
The above examples will assist in reducing risk within your organisation but to ensure the screening policy is truly effective, it must be drawn up in line with the risk profile of the positions in the organisation. Pre employment and post-employment screening may seem excessive but it’s important to keep the reputation of your company in mind.
Is it worth the risk to neglect screening and deal with a nasty surprise later?
Hire with confidence, hire with iFacts.