Consumer reporting agencies included WorldWatch Plus global sanctions, PEP and adverse media searches nearly 2 million times in the second quarter of 2017, an increase of 55% over the same period last year. The prevailing trend in the background screening industry is the addition of a global search tool onto the well-established national database checks. One industry leader characterized the trend as “national checks in a new pair of jeans.”
The increase in activity represents the growing evolution from county-specific searches to statewide checks, to national databases to global data sources. To meet the specific needs of clients in FCRA-regulated environments, WorldWatch Plus prioritizes results containing multiple identifiers, especially date of birth, that the CRA has searched.
“Our CRA clients verify the results from their WorldWatch Plus searches, so it is helpful that results are filtered by DOB and other subject identifiers,” said ISS compliance director Chris Campbell, JD. “Our focus on supporting our clients’ compliance and the insight we developed during 10 years in the professional background screening industry are evident in how the search tool is deployed and refined.”
Compliance is paramount in WorldWatch Plus, with Operational efficiency a close second. The tool was recently enhanced to allow date range filters to reduce false positives in adverse media searches, and to include DOB Match indicators on results summary, results detail and case management views. WorldWatch Plus still has the most comprehensive list of global risk data and an industry-leading turn-around-time for adding sources requested by CRA clients.
About ISS: Founded in 2007, International Screening Solutions (www.intlscreening.com) serves organizations around the world with data-driven products for pre-employment screening, anti-money laundering (AML) and know your customer (KYC) programs, and enhanced due diligence (EDD) in corporate risk. WorldWatch Plus® is a registered trademark of International Screening Solutions, Inc.