Let Us Do The Heavy Lifting

One of the key pillars of the new "Individual Accountability Framework’ from the Central Bank Of Ireland, requires Regulated Financial Service Providers (RFSPs) to regularly certify the fitness and probity of persons in areas of decision-making responsibility across their management teams - in Control Function & Pre Approval Control Function roles (CF and PCF roles). 

Our IAF solution will allow all in-scope entities (RFSPs) easily comply with the new enhanced Fitness & Probity checks required under IAF. In seconds you can centrally add and manage all persons in-scope (CF and PCF roles). 

Running enhanced Fitness and Probity becomes just a click of a button, with all results stored and monitored for future change. This can be a time consuming and costly for the organisation to manage themselves. CRIFVision-net are experts in this area and we would be delighted to help.

IAF Compliance Made Easy

Business People 32 400

SEAR (Senior ExecutiveAccountability Regime)

Will require every in-scope entity to describe and define where responsibility and decision-making lies within the organisation.

Enhanced Fitness & Probity

Will require in-scope entities to periodically certify the fitness & probity of persons in Control Function (CF) and Pre-Approval Control Function (PCF) roles.

Business People 18 400
Business People 8 400

Enhancements To The Central Bank's Powers

This new regime will remove the ‘participation-link’ so that the CBI will no longer have to first find if an entity has committed a regulatory breach before it can take enforcement against them.

New Individual Business & Conduct Rules

Will impose obligations on entities with respect to expected standards of conduct for persons carrying on a Control Function (CF) role or Pre-Approval Control Function (PCF) role.

Business People 45

How Can We Help

Meet the requirments of the IAF for Enhanced Fitness & Probity checks on persons in Control Function and Pre-approval Control Function roles (CF and PCF roles).

Offline Solutions

Batch-check employees and individuals for IAF compliance and enhanced Fitness and Probity in one step.

Online Solutions

Monitor and manage employees and individuals in scope continuously with our custom online IAF solution.

Enhanced Fitness and Probity

Save time, money and resources with our online IAF compliance tool. Persons are automatically added to your dashboard as you run initial checks, or they can be uploaded in a single batch. All results are returned with easy to interpret traffic lights colours, letting you see at a glance who has completed screening. Green means go, amber review, red investigate further.

Also available through API connection for a more frictionless integration into your HR, reporting or control systems. Alternatively the above checks can be performed as an offline project - in one batch process and delivered in Excel format for import into your systems.

Screen CF and PCF persons against 10 consumer default and background check databases:

  • Registered Court Judgements
  • Checks Against 10 Registries
  • PEP / Sanction Check
  • Capture of ID Documents
  • Disqualified or Restricted Directors
  • Insolvency Service of Ireland Records
  • Bankruptcy Revenue Settlements
  • Confirmation of Bank A/C
  • Irish Business Owners, Directors & Secretaries, Company Shareholders
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