In 2022 BGS provided an overarching security programme for one of the wealthiest and most high-profile families in the Middle East.
Recent national enquiry panels into the failures of security vetting processes both in the public and private sectors have highlighted some basic issues which are worthy of discussion.
ECCTA’s overall impact on the UK business environment will be significant. The enhanced requirements for transparency and reporting will increase the administrative burden for businesses, however, it will deter economic crime by making it more difficult to hide illicit activities.
There has been much media traffic recently around security vetting, some positive, mostly negative and some potentially misconstrued but without delving into specifics it is quite clear that a robust and proactive security and risk vetting process is now a critical factor affecting many disciplines.
With the Economic Crime and Corporate Transparency Act 2023 now on the statute books in the UK, businesses need to understand and prioritise the new corporate criminal offense introduced by the legislation: ‘failure to prevent fraud’.
Ongoing security screening and employment vetting processes benefit not just the organisation but also the employee themselves.