It's Easy to Begin a Fingerprinting Program in Your Institution
1. Get Corporate Approval:
Work with your executive management or the Human Resources Department to establish
a fingerprint program for your institution. There are several point to consider:
- 12 U.S.C 1829 (1785(d) for credit unions) requires financial institutions to take
steps to avoid hiring an individual convicted of dishonest acts.
- Penalty under
FIRREA for hiring a known criminal is a $1,000,000 per day fine.
- SEC Rule 17
C.F.R 240. 17f-2 states that employees who handle securities must be fingerprinted.
-
Decrease internal fraud: The Financial Institution Bond Insuring Agreement A insures
against loss through dishonest of fraudulent acts on the part of the bank's officers
an employees.
- Some prospective employees provide false information or references,
which cannot be substantiated. Repercussions of employing such an individual are
serious.
- Current employees may hava committed acts of dishonesty or breaches
of trust during their tenure at the bank.
- Search includes a NATIONWIDE FBI criminal
record index.
- On average, 10% of fingerprint cards submited uncover a criminal
record.
2. Determine Which department will be responsible
for the program - Generally this is the human resources or security department.
3. Identity one Individual to monitor the program
within your institution.
Who Should Be Fingerprinted and How Often?
12 U.S.C. 1829 for banks and 1785(d) for credit unions requires financial institutions
to take steps to avoid hiring an individual convicted of dishonest acts; SEC 17
CFR Ch. 11 S240. 17f-2 for securities industries requires all employees who handle
securities to be fingerprinted. Consequently, all employees should be fingerprinted
as a routine matter.
In a particular, personnel in high-risk areas, such as those having access to cash,
wire transfer, investments, securities, and sensitive information should
be fingerprinted every three to five years.
You should also consider fingerprinting non-employees who have
access to your facilities or your institution’s records, such as maintenance and
security personnel.
Who Uses Verification Bureau Services?
Verification
bureau services a wide variety of agencies an business entities in both the United
States. Among these are departments of federal, state an local governments
as well as business entities responsible for employment or licensing regulation
for legislatively mandated purposes such as:
- Child Care Workers
- Adoptive Parents
- Health Care Workers
-
Children and Family Services Workers
- Youth Sports
- Bank Workers
-
Lottery Employees
- Public Transportation Workers
- Foster Parents
-
School Employees
- Concealed Firearm Carry Permits
- Teachers
- Armed
and Unarmed Guards
- Home Health and Hospice Workers
- Casino Employees
-
Higher Education Employees
VB is the preferred outsourcing method for fingerprinting.
Here's why:
Verification bureau services a wide variety of agencies an business
entities in both the United States. Among these are departments of federal,
state an local governments as well as business entities responsible for employment
or licensing regulation for legislatively mandated purposes such as:
- Fingerprints are captured in approximately five minutes.
- Fewer frustrations
and delay due to poor quality fingerprint rejections.
- Faster responses eliminate
the need to employ applicants before results are received.
- Special on-site fingerprinting
session for large groups.
- No mess-fingerprints are captured without ink.
-
Easy for applicant to schedule fingerprinting sessions.
- No more hassle associated
with fee collection and applicant tracking.
- Our facilities are clean, professional
and easily accessible.
- Our technicians are certified so you don’t have to be.
Call Us Today! Allow our experienced management team to help meet your applicant
fingerprint processing needs. Call 877-477-4506 Ext 501 or e-mail us at
livescan@verificationbureau.com for more information. You can also visit
our web site at www.verificationbureau.com
Contact
Contact us today and we will elaborate a proposal tailored exclusively for your
needs at sales@verificationbureau.com,
you may also call us at 877-477-4506 Ext 501
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