S - Sanctions (Spelling It Out...)
S - Sanctions Check: This check is usually carried out within the financial sector on high risk candidates; positions that involve the handling of money, client accounts and/or sensitive data.
A Sanctions search helps clients meet their compliance and anti-money laundering obligations.
Some of the lists/watch lists that are checked:
The Home Office, The US Secret Service, The Bank of England, The Politically Exposed Persons (PEP) list, The US Treasury’s Office of Foreign Assets Control (OFAC), The list of non-co-operative countries and territories (NCCT).
Tip: The Government also holds a consolidated list for financial sanctions asset freeze targets (companies & individuals):
P - Professional Qualifications (see previous blog)
R - References & Regulatory References (see previous blog)
E - Employment History (see previous blog)
E - Education Verification (see previous blog)
M - Memberships (see previous blog)
P - Personal Reference (see previous blog)
L - Legal Right To Work (see previous blog)
O - Overseas Checks (see previous blog)
Y - Yearly Checks (see previous blog)
M - Media Search (see previous blog)
E - Experience (see previous blog)
N - National Insurance Number (see previous blog)
T - Turnaround Times (see previous blog)
S - Sanctions
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