FCA Maintenance Checks Compliance | Building a Robust Annual Staff Screening Process
INSURANCE
New FCA legislation required annual maintenance checks for all employees, including DBS and financial status reviews, to mitigate fraud risk.
Our client, a leading UK insurer with over 6,500 employees, needed a robust, auditable process to identify any post-employment financial or criminal red flags and ensure full compliance with the updated regulation.
Solution
Vermelo partnered with the client’s leadership, HR and compliance teams to:
Design and implement a compliant, end-to-end annual maintenance check process fully aligned with FCA requirements
Conduct a gap analysis to identify weaknesses in existing HR and compliance procedures
Provide ongoing monitoring and advisory support to ensure continuous compliance and responsiveness to future regulatory updates
Results & Benefits
The proactive implementation strengthened compliance and governance by:
Establishing a repeatable, auditable annual process ensuring FCA compliance
Reducing regulatory and financial risk through early identification of red flags
Building employee trust and confidence through transparent governance
Freeing HR resources to focus on strategic initiatives instead of manual checks
Contact
Get in touch to find out how Vermelo can support your business with its hiring challenges.