Nowadays, the importance of background checks to catch any type of fraudster is immense that saves people and organizations from greater mishaps. This is why today financial background checks have gained a lot of prominence because it helps individuals & organizations catch a financial fraudster. Financial frauds can be of many types ranging from money laundering to tax evasion. Have a look at the slide to know the ways a financial background check can catch a tax evader.

1. Can a Financial
Background
Check Catch Tax
Evaders?

2. A financial background
check is important to
determine whether a person
has filed for bankruptcy.

3. The background check will also
show any liens or judgments
against the person.

4. Financial background
checks may also reveal
instances of money
laundering or other
financial crimes.

5. The background check is an
important tool for anyone who
needs to verify someone’s
financial history.

6. How Does a Financial
Background Check
Differ From Others?

7. Financial background checks focus on an
individual’s credit history and public
records like bankruptcies & foreclosures.

8. Criminal background check, search for an
individual’s criminal history like arrests,
convictions, and pending charges.

9. Employers use criminal
background checks to
ensure that their employees
are not convicted criminals.

10. Landlords, on the
other hand, may use
financial background
checks to verify that
their tenants can
afford the rent.

11. Laws & Regulations to Running a
Financial Background Check

12. There are a number of laws that regulate how
financial background checks can be conducted.

13. The FCRA requires employers
to obtain an applicant’s
written consent before
ordering a background check.

14. The Credit Repair
Organizations Act prohibits
companies from using
background checks to
unfairly discriminate against
applicants.

15. Laws regulating financial
background checks vary by state,
but there are some general
principles that apply in most cases.

16. Financial History that
May Not Show

17. If a potential employee has filed
for bankruptcy, this may not
appear on their credit report.

18. Additionally, financial
background checks
typically only go back seven
to 10 years, so older records
may not be included.

19. Another thing that may not
show up is any financial
problems that may been
resolved.

20. Financial background
checks can give a good
idea of someone’s
financial history, but
some information may
not appear.

21. Affordable
Background Checks

22. Affordable Background
Checks is here to help you for
any reason you need a
background check company.

23. Get started today by visiting our
website and filling in the details.

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