Verification and Screening
In an increasingly interconnected world, making informed decisions about potential business partners, employees, and investments is crucial. Loxton Forensics recognises the importance of thorough due diligence. Our Verification and Screening service offers a comprehensive solution to mitigate risk and ensure you enter into relationships with trustworthy individuals and entities.
What is Verification & Screening?
Verification and screening involve a multi-layered process to assess the credibility and suitability of individuals or businesses. Loxton Forensics goes beyond basic checks, employing a variety of investigative techniques to gather accurate and up-to-date information.
What does Verification & Screening cover?
- Identity verification – We confirm an individual’s true identity by verifying official documentation, such as passports and qualifications. This minimises the risk of fraud or impersonation.
- Background checks – Our team conducts in-depth background checks, including criminal history checks, financial probity reviews, and verification of employment and education history. This allows you to identify any red flags that may pose a risk to your organisation.
- Third-party verification – Loxton Forensics can verify the legitimacy and reputation of third-party businesses, including potential vendors, joint venture partners, and investment opportunities. This helps you make informed decisions about who you choose to associate with.
What are the benefits of Verification & Screening?
- Mitigated risk – Our thorough verification and screening procedures help you identify potential risks associated with individuals or businesses before entering into partnerships or transactions. This safeguards from financial losses, reputational damage, and legal ramifications.
- Informed decision-making – By providing you with comprehensive and accurate information, Loxton Forensics empowers you to make informed decisions about who you choose to do business with. This builds stronger, more reliable partnerships and investments.
- Enhanced compliance – Our service ensures you adhere to relevant anti-bribery and anti-money laundering regulations. This demonstrates your commitment to ethical business practices and strengthens your corporate governance framework.
By partnering with us, you can gain valuable peace of mind, knowing that you are entering into relationships with trustworthy individuals and entities.
What types of Verification and Screening are there?
Know Your Customer (KYC) Verification
Loxton Forensics’ Verification and Screening service incorporates KYC verification as a critical element. KYC procedures ensure you understand who your customers are and mitigate the risks associated with money laundering and terrorist financing.
Our KYC verification process adheres to relevant regulations and includes:
- Customer identification – We verify the identities of your customers through official documentation, such as passports or driving licences.
- Beneficial ownership checks – We identify the true owners of businesses you interact with, ensuring transparency and mitigating the risk of dealing with shell companies.
- Sanctions screening – We compare your customers against sanctions lists to identify any potential matches.
By implementing robust KYC verification procedures, you build trust with legitimate customers, demonstrate compliance with regulations, and safeguard your organisation from financial crime.
Supplier & Employee Screening
Loxton Forensics’ Verification and Screening service offers a comprehensive approach to vetting both potential suppliers and employees. By screening both suppliers and employees, you create a secure environment for your organisation and your employees.
Supplier Screening:
- We assess a supplier’s financial health and reputation, mitigating the risk of associating with unreliable or insolvent companies.
- We verify their legal status and compliance with relevant regulations, ensuring ethical business practices within your supply chain.
Employee Screening:
- We conduct background checks to verify qualifications, employment history, and identify any criminal convictions relevant to the position.
- This helps you build a trustworthy workforce and minimise the risk of internal fraud or misconduct.