On the list of “bad things that can happen to a finance company,” internal fraud is pretty high.
One of the best ways to prevent it? Right at the beginning of the hiring process, with the right background checks.
Zinc now supports Cifas Insider Threat Database (ITD) checks — a vital fraud-prevention service for organisations in financial services and other regulated sectors.
Cifas is the UK’s largest cross-sector fraud-sharing network. Its Insider Threat Database is shared by more than 300 UK-leading member organisations to flag individuals involved in internal misconduct or vulnerable to impersonation.
Members can now run checks directly through Zinc, keeping all their background checks in one place.
Why Cifas checks are essential for FCA-regulated companies
Internal fraud rarely makes headlines or results in a criminal record, but its consequences are severe — especially for FCA-regulated firms where misconduct and compliance breaches can carry costly regulatory risks.
Cifas checks reveal:
- If a candidate has committed internal fraud, and may pose a risk to your business.
- If a candidate has been impersonated, which could signal a compromised identity — or a potential scam.
Before now, Zinc customers have had to leave our platform to access these insights — using spreadsheets, email chains, or third-party screening vendors.
Now, we’re closing the gap.
What the Insider Threat Database flags
The ITD protects you from a wide range of internal fraud. Membership organisations work together to report fraud across the following categories:
- False Employment Application: Misrepresentation by successful or unsuccessful applicants
- Account Misconduct: Abusing internal access for unauthorised changes
- Bribery: Accepting or offering bribes, including to public officials
- Unlawful Use of Data: Stealing, sharing, or misusing personal or commercial data
- Internal Theft / Deception: Submitting false expenses, bonuses, or payroll fraud
When you run checks on candidates through the ITD, you’ll be able to see if they have a past history of anything that puts your company at risk.
💡 Read more about the potential fraud flags available here.
Get started using Cifas checks with Zinc
To find out how you can prevent internal fraud at your organisation, book a call with our team today.
Already using Zinc? Follow our how-to guide to get started or speak to your account manager.
