Conquering the Background Check Tightrope - Avoid Missteps and Prevent a Fall

Banks are responsible for safeguarding their customers' assets. Hiring practices are no exception. The federal laws prohibiting financial institutions from hiring persons convicted of criminal offenses involving dishonesty or a breach of trust or money laundering require banks to conduct pre-employment background checks. An employer's right to screen applicants and employees and to take adverse employment actions based on screening results, however, has limits.