Banking & Finance

First Line Data provides banks and financial institutions with the information and verification services needed to maintain accurate and effective compliance with federal regulations. The Bank Secrecy Act (BSA) or Anti-Money Laundering (AML) regulation compliance for financial institutions within the U.S. can be streamlined with our innovative identity solutions. Banks and other financial institutions can quickly and easily ascertain the identity of customers, whether they are individuals, corporations, partnerships, trusts, estates, or any other type of legal entity.

The Red Flag Rules of the Fair and Accurate Credit Transactions Act (FACTA) require banks, financial institutions, and other businesses that possess consumer information for business purposes to develop policies (consistent with Customer Information Program rules) to identify potential identity theft. By leveraging our long standing relationships with governmental agencies and other reputable sources, First Line Data ensures fast and cost-effective documentation of compliance.

Our pre-employment screening reports give banks and financial institutions another valuable component to help execute their overall loss prevention and risk mitigation policies. Using our secure FCRA compliant platform, institutions have fast access to the background information that will help reduce risk and protect their assets.

Our services for the banking & finance industry include:

Patriot Act Super Search
A powerful verification service and compliance tool with OFAC and much more; over 24 domestic and international watch lists, sanctions lists, most-wanted lists.

Federal Financial Institutions Examination Council (FFEIC) Research
Verification services determine whether your applicant is listed on any of the sanction lists: The Board of Governors of the Federal Reserve System (FRB), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Office of the Comptroller of Currency (OCC), and The Office of Thrift Supervision (OTS).

EPLS Research
Search of the most current General Services Agency’s Excluded Parties Listing System database to determine if your business or individual applicants are “excluded”.

Federal Criminal Research
Violations of Federal Law will not be found in county records. The location of the information depends upon jurisdiction and where the charge was filed. The federal court system is organized by districts, and is searched similarly to county records. Unlike county courts, federal records can be searched statewide or nationwide.

Statewide Criminal Database Checks
Some states maintain repositories of criminal information submitted by the county courts and local law enforcement authorities in that state.

Professional License and Certification Verification
First Line Data’s research specialists verify license credentials at the primary source, validating status, standing, and dates if available.

Employment Verification Services
Researchers contact current and previous employers to verify information provided by the applicant. Information beyond dates and title are queried, including termination type, reason for termination, wage at termination, and eligibility for rehire.

Education Verification Services
First Line Data calls to confirm both degrees/certificates and dates of attendance supplied by the applicant. Some institutions may either require a written release, or utilize pay-for-use verification services.

Social Security Number Verification Services
Applicant’s supplied SSN is validated, directly through the Social Security Administration (SSA), bypassing all third parties. Results are available within minutes.

Previous Address Locator
This verification service utilizes major credit source ‘header’ information to identify the individual, previous addresses, maiden names, and aliases, providing a valuable tool in determining criminal record search parameters.