Due Diligence requirements for Compliance Officers

Summary

This article explains the specific additional due diligence checks required exclusively for Compliance Officers. It highlights the differences in requirements compared to regular staff.

Key Requirements

Compliance Officers are subject to stricter due diligence requirements compared to other staff. The following checks are mandatory for this role:

• Bankruptcy Register Search: This search must be conducted specifically for Compliance Officers.
• National Criminal History Check: A full criminal history check is required.

These checks are in addition to the standard checks required for all staff. The standard checks for all staff include:

• Verification of Identity
• PEPS, Sanctions and Adverse media

Detailed Explanation

While regular staff members require identity verification and PEPs screening, the Bankruptcy Register Search and National Criminal History Check are reserved strictly for those in the Compliance Officer role. These additional layers of scrutiny ensure that the individuals responsible for compliance oversight meet the necessary integrity standards.