Robert Quinn Consulting (RQC), a market-leading provider of compliance consulting, regulatory hosting and online training, and Vero Screening, the UK’s largest independent employment screening company, have formed a partnership which harnesses the skills and experience of both firms to provide a full range of solutions for all FCA regulated firms implementing the Senior Managers and Certification Regime (SMCR).
Both RQC and Vero Screening have strong track records of providing practical solutions to firms trying to navigate their financial regulatory obligations. 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.
Previously there was no mandatory requirement to carry out background checks to ensure individuals carrying out controlled functions were fit and proper. However, 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.
The partnership between RQC and Vero Screening gives clients access to a new product which ensures they 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. If you would like to learn more about this offering please follow this link to our SMCR website https://www.smcrcompliance.com/background-checks/