SMCR Checks – For Enhanced, Core and Limited Scope companies.
Previously there was no mandatory requirement to carry out background checks to ensure individuals carrying out controlled functions were fit and proper. Now, under the new SMCR regime, the FCA has stated:
1. There is a mandatory requirement for Senior Managers to perform criminal background checks; and
2. Under the certification regime, there is a requirement to re-certify individuals at least once a year.
Vero has partnered with Robert Quinn Consulting, a market-leading provider of compliance consulting, regulatory hosting and online training, to develop a new product which ensures Enhanced, Core and Limited Scope companies can meet these new background screening obligations in full, as well as giving them access to a broader range of services to support the implementation of SMCR.
The new product, SMCR Checks powered by Vero Screening, is specifically designed for Enhanced, Core and Limited Scope companies. It gives firms access to Vero’s secure employee screening platform VEROLIVE, where they can initiate all their background checks quickly and cost-effectively. Find out more about Robert Quinn Consulting and their wider SMCR services, including background checks here.