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Financial Services

Secure, Automated Screening

The regulatory requirements in the financial services industry have become more complex. AccuSource understands the needs of the financial services industry to protect sensitive data and we use online technology to deliver screening services with an emphasis on security, privacy and automation.

Recommended Services:
Bankruptcy, Lien, and Judgment Search Back to Top
Searches by Social Security number for all types of filed bankruptcies for a ten year period and liens and judgments for a seven year period. Information varies by state, it can include: subjects address, filing number and date, court location, attorney, amount and type of bankruptcy. Information can include: debtor name, address and Social Security number, file number and date, where it was filed, amount and document type. Information on judgments can include defendant name and address, plaintiff name, filing and disposition date, amount of judgment, court location and type of filing.

County Criminal Records Search Back to Top
A search for criminal convictions at the appropriate county courts, covering a seven year period for California and longer for all other states. Reveals felony and related misdemeanor convictions. Records can include: case numbers, offense and disposition dates, charge, type of charge, disposition, and sentence. Courts are searched directly at the source via in person, court Internet websites or direct connection into the courts index. Common names can cause delay in verifying criminal activity, files have to be pulled so identifiers, such as date of birth, middle name and driver’s license number, can be checked. Typographical, data entry and/or court filing errors can cause accuracy issues. Also, running a partial or “nickname” (i.e. running Bob instead of Robert) can create accuracy issues. It is recommended that all names, including alias and maiden names be run at all jurisdictions for a seven year period. This will maximize the search results and accuracy.

Federal Criminal Records Search Back to Top
A search for criminal convictions at the appropriate federal district court, covering a seven year period for California and longer for other districts. The districts are searched through a connection to federal court index. Common names can cause delay in verifying criminal activity, files have to be pulled so identifiers, such as date of birth, middle name and driver’s license number, can be checked. Typographical, data entry and/or court filing errors can cause accuracy issues. Also, running a partial or “nickname” (i.e. running Bob instead of Robert) can create accuracy issues. It is recommended that all names, including alias and maiden names be run at all jurisdictions for a seven year period. This will maximize the search results and accuracy.

International Criminal Records Search Back to Top
A search for criminal convictions through the appropriate courts, the courts searched vary by country and by the information provided by the applicant. Courts are searched directly at the source via in person, court Internet websites or direct connection into the courts index. Records can include: case numbers, offense and disposition dates, charge, type of charge, disposition, and sentence. Common names can cause delay in verifying criminal activity, files have to be pulled so identifiers, such as date of birth and middle name can be checked. International Criminal searches have longer turn around times, ranging from 7-14 business days.

Credit History Back to Top
A search of the credit bureau files to provide a profile of the applicant’s financial history. Search can show additional addresses and names and consumer credit activity covering a seven year period detailing overdue or slow accounts, charge offs, collections, suits, tax liens, public records, judgments and bankruptcies. This is heavily restricted search requiring authorization. The State of California has special requirements for credit reports. Young applicants and individuals new to country, might not have developed a credit history yet. Typographical and /or transposition of numbers at the time a Social Security Number is used by a creditor to initiate a credit inquiry can create errors in the data. Must provide applicant a summary of their rights. Applicant’s must be given information on how to contact the credit repository to request changes if errors are found in the report. Material is available through the AccuSource online system for learning how to read credit reports.

Office of Foreign Assets Control (OFAC) / Prohibited Parties Search (Part of Global Homeland Security Search) Back to Top
Search of federal databases to identify prohibited parties, in compliance with the Patriot Act. Can identify “specially designated nationals, terrorists, narcotics traffickers, blocked persons and vessels and parties subject to various economic sanctioned programs who are forbidden from conducting business in the United States.” Common names can cause delay in verifying prohibited parties.

Social Security Number Trace/Validation Back to Top
Search of credit bureau files to provide history of the applicant’s names and addresses as they originate from credit headers. This also validates the number’s authenticity, as well as year and place of issuance. It is used as a criterion in checking criminal history. Search may provide last known addresses and aliases, possible date of birth, year and state of Social Security number issuance, covering a seven year period. Young applicants and individuals new to country, who might not have developed a credit history yet, might not have a SSN history. Typographical and /or transposition of numbers at the time a Social Security Number is used by a creditor to initiate a credit inquiry can create errors in the data. Interpretation of data is critical; although the search can uncover evidence of identity theft, fraud must not be assumed without further investigation such as validation directly through the Social Security Administration.

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