15 05, 2023

Update: Russian Invasion of Ukraine – Sanctions

2023-05-15T09:41:53-04:00

Last Updated 5-15-23 For the latest information, Click here. April 2023 Pursuant to Executive Order 14078, the US State Department sanctions Russia’s Federal Security Service (FSB) and Iran’s Islamic Revolutionary Guard Corps Intelligence Organization (IRGC-IO) for the wrongful detention of US nationals, including Evan Gershkovich. The Treasury also sanctions four senior officials in the IRGC-IO. Switzerland sanctions the Wagner Group and RIA FAN, mirroring EU sanctions of April 13. Canada, France, Japan, the United Kingdom, and the United States announce an alliance aimed [...]

Update: Russian Invasion of Ukraine – Sanctions2023-05-15T09:41:53-04:00
26 04, 2023

2023 PBSA Mid-Year Conference Recap

2023-04-26T15:19:21-04:00

Attending industry events is the best way to connect with peers, clients, and new potential partners. The recently concluded PBSA Mid-Year Conference was no exception. One Vital4 team member described the event as a “family reunion,” a testament to the camaraderie among the attendees. It was an opportunity to meet and connect with new people, hear about industry trends, and exchange ideas on how to improve business practices. Apart from the networking opportunities, our team was also [...]

2023 PBSA Mid-Year Conference Recap2023-04-26T15:19:21-04:00
21 09, 2022

2022 PBSA Annual Conference Recap

2022-09-22T11:10:08-04:00

I have attended over a dozen PBSA conferences over the years, but this might just be the best one yet! With a total of 874 attendees from around the globe, there was a great turn out in Denver. It was wonderful to see old friends and meet new ones, and the mountain scenery from the Gaylord wasn’t too bad either.   Dressed in Vital4 branded Patagonia vests, the Vital4 team was moving and shaking all over the [...]

2022 PBSA Annual Conference Recap2022-09-22T11:10:08-04:00
12 07, 2022

AML/KYC for CRAs – Webinar Recap

2022-07-12T13:54:59-04:00

Last month's webinar focused on the importance of AML/KYC to background screening and why CRAs, in particular, should focus on it.  Panelists Amy Barbieri, Kym Kurey, and Kristin Stafford covered a variety of the industry's latest trends, ranging from crypto to compliance and the importance of integrated monitoring services. Here are a few key takeaways from the webinar.  Digital transformation is an industry-wide hot topic and is being implemented into many screening processes. Whether it be [...]

AML/KYC for CRAs – Webinar Recap2022-07-12T13:54:59-04:00
12 08, 2021

Why People Are Exploring New Options with Compliance and Risk Management relating to global AML regulatory requirements

2021-08-12T11:16:53-04:00

While legacy providers have been around the longest, many of them have antiquated solutions that are no longer the best in the market. For that reason, people are beginning to explore new options when it comes to managing compliance risk. The industry has had to adapt and evolve particularly over the last year. With regulations changing frequently, and a record increase for money laundering and regulatory fines, which are expected to continue rising, there has never [...]

Why People Are Exploring New Options with Compliance and Risk Management relating to global AML regulatory requirements2021-08-12T11:16:53-04:00
25 06, 2021

AML Act of 2020

2021-08-04T12:51:11-04:00

Wealthy and influential individuals and companies have used anonymous entities to hide their wealth, as evidenced in the 2016 Panama Papers and 2020 FinCEN Files Investigations. In January 2021, the FY 2021 National Defense Authorization Act became law, including the Anti-Money Laundering Act of 2020 (AMLA 2020). Part of the AMLA 2020 is the Corporate Transparency Act (CTA). The AMLA 2020/CTA amends the Bank Secrecy Act (1970) (among other things) to require that companies (corporations, limited [...]

AML Act of 20202021-08-04T12:51:11-04:00
15 06, 2021

Protect Patients and Avoid Fines with Automated Medical Sanctions Checks

2021-08-04T12:50:47-04:00

A medical sanctions check provides insight into a healthcare professional's background, identifying any penalties, suspensions, or disciplinary actions against them. Regulatory guidelines from the U.S. Office of the Inspector General (OIG) mandate that healthcare organizations can't employ sanctioned vendors or individuals, meaning that anyone who employs medical practitioners, such as physicians and nurses, must conduct regular sanctions checks to avoid being penalized. Violating federal sanctions can result in hefty fines, suspensions, or even possible jail time, [...]

Protect Patients and Avoid Fines with Automated Medical Sanctions Checks2021-08-04T12:50:47-04:00
3 06, 2021

Adverse Media – A Better Picture of Risk

2021-08-04T12:50:19-04:00

Adverse media is defined as leveraging traditional and unstructured news sources as an early indicator of unfavorable information related to an individual or a business. Researching negative press is vital to overall risk management strategies and can be used as a financial crime compliance tool.  Unlike background checks, an adverse media search gathers information from various news outlets to help build a risk profile of individuals or businesses that your company may be considering doing business [...]

Adverse Media – A Better Picture of Risk2021-08-04T12:50:19-04:00
20 05, 2021

New, expanded VITAL4CRIM product provides industry-leading flexible data services

2021-08-04T12:49:43-04:00

Vital4 is excited to announce an expansion of our popular VITAL4CRIM screening services product. Optimizing your screening process is now easier with VITAL4CRIM, which streamlines the criminal database search process by collecting data from thousands of sources at the federal, state, county, and local levels. These sources include Arrest Records, Sex Offenders, Escapee lists, Warrant lists, Inmate rosters, Child Support Violations, Career Offenders, and dozens of others. This data is updated and collected in real-time to [...]

New, expanded VITAL4CRIM product provides industry-leading flexible data services2021-08-04T12:49:43-04:00
4 05, 2021

Hire With Confidence Using High Quality FCRA-Compliant Background Screening

2021-05-04T11:48:53-04:00

Pre-employment screening is a critical aspect of the hiring process today as it helps businesses find the best employees and ensure that the workplace is safe. Hiring unqualified or risky employees results in higher turnover, lower productivity, and increased compliance risk for your clients. Unfortunately, pre-employment screening can come with significant challenges such as incomplete coverage, missing key data points, or producing false positives that can jeopardize your business relationships. That's why Vital4 created a smarter [...]

Hire With Confidence Using High Quality FCRA-Compliant Background Screening2021-05-04T11:48:53-04:00

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