Aug 27 2008
Finance Workers And Background Checks
Insurance, Economic and Finance Workers.
Are Background Checks Conducted?
More and more often one can see on the television and read in the media that employees have been caught for fraud, scams, embesselment, stealing and other things employees are morally not supposed to be doing.
Still, even with such focus on the fact that a major threat, maybe even the biggest threat, to a financial company comes from the inside way too few business owners actually take the necessary steps to prevent bad things from happening. Take your accounting department for instance. Think about it for a short while; It’s logical to think that someone who handles your money has access to information that can be used to steal the money from you and hide the crime so you may never know. Most customers will not notice being billed a few extra cents on products and if they do, will they waste their time on just a few pennies? Probably not. Especially if you have high-ticket customers. If your company is a winner and your employee, paid well but still feeling like they deserve more, is handling this cash flow, it can be very tempting to pocket a few dollars here and there. Just another example of how a free criminal background check can stop a problem before it starts. There was an incident somewhere in a european bank a few years back of a woman who hid away several million euros (even more in dollars) and transfered it to a numbered account in Switzerland. She had the operation going on for years. What she did was that when she was working at a bank teller she had implemented a coding to the software used to handle the transactions. For every transaction that happened in the bank, she pocketed one single cent.One cent! It added up to millions in no time. Noone noticed it before people started to question her spending which was way too high compared to her income.
She had a clean history so happenings like this could maybe not have been prevented by doing background checks but it may have helped if she had a previous record of such activities, drug abuse or whatever. Just make sure you do your employee background checks thouroughly.
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