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FBI – Banking

Very few agencies in the US are able to use the FBI Identity History Report in employment.


The banking industry is one agencies –


Once, FDIC regulators become aware of any individual or employee who is prohibited from employment with an insured depository institution based on Section 19 of the FDI Act; the individual or employee, and bank are notified according to Section 19 of the Federal Deposit


Insurance Act (FDI Act).


The individual or employee’s criminal history information will become public knowledge per Section 19 of the Federal Deposit Insurance Act (FDI Act). FDIC has issued direct guidance regarding pre-employment background screening, and guidance on creating and implementing an effective pre-employment background investigation process; which, encourages financial sectors and institutions to participate in background screening of its employees.


Section 19 of the Federal Deposit Insurance Act (FDI Act), prohibits, except with the prior written consent of the FDIC, any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering; or who has entered into a pretrial diversion or similar program in connection with such an offense, from becoming or continuing as an institution-affiliated party with respect to any insured depository institution; from owning or controlling, directly or indirectly, any insured depository institution; or from otherwise participating, directly or indirectly, in the conduct of the affairs of any insured depository institution.