Importance of Credit & Sanctions Check in BS7858 Vetting 


In today’s world, where employee safety and security are a top priority for every organization, conducting thorough background checks on job candidates has become a crucial step in the hiring process. BS7858 is a widely recognized standard for vetting employees in the UK, and it includes various checks to ensure that the candidate is suitable for the job. One of the essential checks is the credit and sanctions check, which helps the employer assess the financial stability and integrity of the candidate.  

In this article, we will discuss the importance of credit and sanctions check in BS7858 vetting and why they should not be overlooked by employers. 

BS7858 Vetting Explained 

BS7858 vetting is a security screening process that is carried out on individuals who will be working in positions of trust, particularly in the security and finance sectors. This process involves a comprehensive background check that looks into an individual’s personal, professional, and financial history, including criminal records, credit checks, employment history, and character references.  

Furthermore, this screening aims to ensure that individuals in these positions are trustworthy, reliable, and have a clean record, reducing the risk of fraud, data breaches, and other security breaches. 

Overview of Credit and Sanctions Check 

A credit check is a process of assessing a person’s financial history, creditworthiness, and ability to repay debts. On the other hand, a sanctions check is a screening process that verifies if an individual is listed on a government or international watchlist or has any criminal record.  

Also, both checks are essential in the employment background screening process, especially for roles that require access to sensitive information or critical infrastructure. 

Importance of credit check in BS7858 vetting 

Why credit check is necessary? 

A credit check is a vital part of BS7858, as it helps to establish the financial history of an individual. By reviewing an individual’s credit report, an employer can gain insight into their financial responsibilities, including any debts or obligations they may have. This can help to determine whether an individual is reliable and responsible enough to be trusted with sensitive information or valuable assets.  

Additionally, a credit check can also identify any potential financial pressures or vulnerabilities that may make an individual more susceptible to bribery, corruption, or other illicit activities. 

Benefits of conducting a credit check 

Here are some benefits of conducting a credit check: 

  1. Risk assessment 
  1. Financial stability 
  1. Compliance 
  1. Trustworthiness 
  1. Protection of company reputation 
  1. Protection of customer data  

Risks of not conducting a credit check 

Not conducting a credit check in the BS7858 vetting process can pose several risks to an organization, including: 

  1. Hiring an unreliable employee 
  1. Increased risk of fraud 
  1. Damage to company reputation 
  1. Legal liability 

Importance of Sanctions Check in BS7858 Vetting 

Why Sanctions Check is necessary? 

A sanctions check is necessary for BS7858 because it helps employers verify if the candidate has been involved in any illegal activities or connected to organizations or individuals that are sanctioned by the government. This check is conducted to identify any potential risks that the candidate may pose to the company or its customers.  

In addition, failure to conduct sanctions checks can put a company at risk of breaching laws and regulations, resulting in legal and reputational damage. Thus, it can lead to hiring unsuitable candidates who may cause harm to the company and its stakeholders. 

Benefits of conducting sanctions check 

Here are some benefits of conducting sanctions check: 

  1. Avoidance of legal implications 
  1. Enhanced reputation 
  1. Compliance with regulatory requirements 
  1. Protection against financial loss 
  1. Prevention of terrorism financing 

Risks of not conducting sanctions check 

Not conducting sanctions check in the vetting process can lead to several risks, such as: 

  1. Regulatory non-compliance 
  1. Security breaches 
  1. Reputational damage 
  1. Financial loss 

Compliance and Legal Considerations 

Conducting credit and sanctions checks as part of BS7858 is not just a best practice but also a legal requirement. Non-compliance can lead to heavy fines, legal disputes, and loss of reputation. Employers have a legal responsibility to ensure that the people they employ are suitable for the job and can be trusted with sensitive information. Failing to conduct credit and sanctions checks can leave an organization vulnerable to fraud, theft, and data breaches.  

Furthermore, certain industries such as finance, healthcare, and the government have stricter regulatory requirements for employee background checks. Therefore, employers need to conduct credit and sanctions checks to ensure compliance with the law and avoid legal and financial penalties. 

Choosing the right screening provider 

Factors to consider when choosing a screening provider 

When choosing a screening provider for conducting credit and sanctions checks in BS7858, there are several factors to consider.  

  • First, the screening provider should have a comprehensive understanding of the legal and compliance requirements related to the vetting process.  
  • Second, they should have experience in conducting credit and sanctions checks and be able to provide accurate and up-to-date information.  
  • Third, the screening provider should have a secure and reliable system for handling sensitive information.  
  • Fourth, they should offer flexible and customizable screening packages to meet the specific needs of the organization.  
  • Finally, it is important to consider the cost and turnaround time for the screening process to ensure it is efficient and cost-effective for the organization. 


Benefits of working with an experienced screening provider 

Working with an experienced screening provider can provide many benefits for employers, including expertise in compliance, access to the latest technology and screening techniques, and a greater level of confidence in the accuracy of screening results. Experienced providers are more likely to have established relationships with data sources and have a deep understanding of the legal and regulatory requirements surrounding background checks.  

Moreover, experienced screening providers may offer value-added services, such as ongoing monitoring of employee records and assistance with developing and implementing screening policies and procedures. Thus, choosing an experienced provider helps ensure that the screening process is conducted efficiently, accurately, and in compliance with relevant laws and regulations. 

Tips for selecting a reliable screening provider 

Here are some tips for selecting a reliable screening provider: 

  • Look for a screening provider with a good reputation in the industry. Moreover, check online reviews, ratings, and testimonials from past clients. 
  • Choose a screening provider that adheres to all relevant laws and regulations, such as FCRA, GDPR, and DPA. Also, they should have strict data protection policies in place. 
  • Ensure that the screening provider uses the latest technology to conduct their checks efficiently and accurately. Thus, a good screening provider should also have an online platform for easy access to reports. 
  • Choose a screening provider with excellent customer support. Furthermore, they should be available to answer your questions, provide guidance, and offer solutions to any issues you may encounter. 
  • A reliable screening provider should be able to tailor their screening services to meet your specific needs. Hence, this could include customized reports, specific searches, or integration with your existing HR system. 
  • The screening provider should be able to provide you with fast and accurate results. Also, check their turnaround time for delivering reports. 
  • Look for a screening provider that offers transparent and competitive pricing. Beware of hidden fees or extra charges that may be added later. 

Final Thoughts 

In conclusion, conducting credit and sanctions checks are crucial components of the BS7858 vetting process for any organization. Credit checks help assess an individual’s financial stability, while sanctions check help identify any potential risks associated with the candidate’s involvement in illegal activities. Failure to conduct these checks can lead to hiring untrustworthy and high-risk individuals, jeopardizing the safety and security of an organization.  

Additionally, compliance with legal and regulatory requirements is also crucial to avoid potential legal implications. It is essential to partner with a reputable screening provider with extensive experience in conducting credit and sanctions checks to ensure accurate results and minimize risks. Hence, a thorough and reliable screening process is vital to hire the right candidates, protecting an organization’s reputation, and ensuring a safe and secure workplace.