KUALA LUMPUR, Jan 12 -- First Advantage has announced having earned Outsourced Provider Audit Report (OSPAR) attestation, becoming the first background check company to secure the designation for this year.
According to a statement, to achieve this, First Advantage completed an external audit, conducted by EY, in accordance with the Guidelines on Control Objectives & Procedures for Outsourced Service Providers.
These standards were developed by the Association of Banks in Singapore (ABS), a non-profit organisation that represents the interests of the commercial and investment banking community, with more than 150 members operating in the island republic.
“We are proud to have met the stringent ABS guidelines, and as a result, to be identified as the first global background screening provider to earn OSPAR attestation for 2021,” said First Advantage Chief Compliance Officer, Josephine Kenney.
“First Advantage has built a strong reputation with our customer base in Singapore, and we hope this designation reinforces the confidence they have in us to meet their background screening needs.”
As of Dec 8, last year, First Advantage has been recognised as an Outsource Service Provider (OSP), approved for inclusion in the official ABS OSP registry.
Valid for 12 months from the date of issue, the designation indicates that First Advantage adheres to the high expectations of controls and procedures of the Singapore financial industry.
-- BERNAMA
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