CIFAS checks: additional security for high-trust roles

A CIFAS check is a type of background screening specifically related to combating identity fraud and financial crime. It is typically used in the UK finance sector to provide an additional layer of security when hiring for roles that require high levels of trust.

If a financial institution makes an adverse judgment on an individual or a business, it can issue a CIFAS marker against them. This marker is then flagged up on a CIFAS check. Businesses use this check to prevent financial fraud and protect individuals and businesses from becoming victims of identity theft or fraudulent activities. This check was launched by CIFAS (Credit Industry Fraud Avoidance System) as part of its fraud prevention and detection services.

Our CIFAS check:

• Searches the CIFAS databases: either the IFD or EIFD based on employers’ CIFAS membership
• Identifies if an individual has any fraudulent activity matches in the CIFAS databases
• Collects individuals' consent, agreement to CIFAS Fair Processing Notice, and information required to run the check via Veremark’s platform

Why use Veremark for CIFAS checks? Veremark's CIFAS check involves thorough searches of CIFAS databases to verify whether an individual has a history of fraud. Depending on employers' CIFAS membership, Veremark conducts searches in either the Internal Fraud Database (IFD) or the Enhanced Internal Fraud Database (EIFD), which also includes the National Fraud Database (NFD).  By utilizing these comprehensive fraud prevention databases, Veremark helps employers safeguard against potential risks, protecting their organization from financial and reputational damages. This ensures they hire dependable individuals who can contribute to the advancement of their organization.

Features

• **Easy: **Automated and totally straightforward background screening
• **Reduce risk: **Reliable candidate verification tailored to any industry and role
• **No lock-in: **Pay-as-you-go employment checks without the long term contracts
• **Global checks: **Choose from a selection of online background checks for employment
• **24/7 support: **Global customer care whenever and wherever you need us
• **Faster time to hire: **Screening that keeps you informed, accelerating your time to hire