Financial Sanction Search

ChoicePoint's quick and easy Financial Sanction Search can help companies identify industry professionals associated with fraud. It easily meets regulatory requirements to screen for employees with a "breach of trust" in their background, or who are on "blocked" lists. This is specifically important for insurance and financial customers.

It is recommended by the Federal Deposit Insurance Corporation (FDIC) that financial institutions should, at a minimum, compare applicant names to the Federal Financial Institutions Examination Council (FFIEC) compilation of enforcement actions and orders. ChoicePoint's Financial Sanction Search contains all data sources of the FFIEC listing, which is more than 200 public sources. ChoicePoint's Financial Sanction Search allows an employer to search license revocations, disbarments, suspensions, civil money penalties and governmental cease and desist orders, and provides screening in five key industries: securities, mortgage, real estate, banking and federal government.

This product can be used in combination with other ChoicePoint services, such as Electronic Fingerprinting Services, in building a streamlined process that complies with state and federal regulations.