Backgroundcheck

In plain words

A background check is an examination of the applicant’s history and reputation before a state or bank makes a decision. It covers criminal history, court cases, sanctions lists, business reputation, the origin of money and mentions in the media. In essence, it is the practical part of due diligence.

The logic is that both the country issuing the passport and the bank opening the account must be sure they are dealing with a person of good standing with no hidden problems. That is why you are screened against databases, asked for criminal record certificates and documents on the origin of your wealth, and contentious episodes are examined separately.

The outcome of the check depends largely on preparation. If the weak points — an old lawsuit, an unclear transfer, PEP status — are closed with documents in advance, the check goes smoothly. If the reviewer finds them on their own, without explanation, it is grounds for refusal, and the fees paid are usually not refunded.

Where a check is needed

What is checked

How the check works

1. 01Gathering documents
2. 02Screening against databases and sanctions
3. 03Examining contentious episodes
4. 04Assessing good standing
5. 05Decision

What you need to know

• The check is the practical part of due diligence
• Crime, court cases, sanctions, money and the media are examined
• Contentious episodes are best explained with documents in advance
• The reviewer will find a concealed problem on their own
• On refusal, check fees are usually not refunded

Common mistakes

• ✕Concealing an episode in your background — it will be found in the check
• ✕Filing without documents on the origin of money
• ✕Not preparing explanations for contentious points
• ✕Underestimating PEP status in yourself or those close to you
• ✕Learning of the problem only from the refusal

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