Financial Institutions must know their customers. Not only is this a government mandate, but it is essential to an effective risk management program.  Conducting a strong due diligence program helps to safeguard bank assets, assists the Board of Directors and management achieve institution’s desired risk profile, and promotes compliance with the Bank Secrecy and Patriot Acts. 

Applied Facts conducts due diligence investigations involving corporate reputation, public business practices of a proposed acquisition, and backgrounds on principals, key individuals, business partners, suppliers, or customers.  Our seasoned investigators are expert in identifying past and present litigation and any assessed penalties.  In addition, our due diligence investigations can satisfy compulsory insurance, security, and licensure requirements under state and federal law. 

BACKGROUND INVESTIGATIONS

Recent government information indicates that approximately 80% of American firms require some form of background investigation. Yet, according to Security Management Magazine, a four year study revealed employers lost $77,000,000 due to litigation. 21% of those adverse settlements were the result of negligent hiring or retention of employees.  In our experience, as much as 40% of the information submitted by job applicants is determined to be omitted, misstated, or misrepresented. 

Applied Facts will customize a background screening package commensurate with the level of trust and responsibility assigned to each potential employee.  Our scope of background services is extensive and includes FCRA compliant database searches, public record reviews, civil, criminal, bankruptcy, UCC filings, liens, media searches, address identification, specialized licenses, credential verifications and related interviews. 

Through our network of international affiliates, Applied Facts is in a unique position to perform Due Diligence and Background Investigations on a global level.