AADMM
   
American Association of Daily Money Managers

Background Check FAQ

Who must have a background check?
As of October 1, 2018, all new and renewing members must undergo a background check conducted by Global Investigative Services, Inc. AADMM strongly recommends that Agency owners conduct background checks on all of their employees, however only those employees who are listed as AADMM members are required to undergo the AADMM background check (performed by Global Investigative Services, Inc.).

What will the application process be for undergoing a background check?
The process will be online with a link from the AADMM website to Global Investigative Services, Inc.

What if I don’t pass?
Any individual who does not pass the background check will not be able to join or renew membership in AADMM.

How much will it cost?
The background checks will range from $85 to $118 per person*, depending on the type of background check program selected (there will be different options). Members will be required to renew their background check every two years. Agencies will be offered an option that includes ongoing monitoring of employee backgrounds.

There are two options for individual members:

Option A – Membership Background Check – $85* – This background check provides a thorough criminal background search on the individual AADMM member.

Option B – Background Check Cleared Program (BCC Program) – $118 – This is a thorough criminal background check and entitles the individual AADMM member to participate in Global’s “Background Check Cleared” program. In this program, a cleared individual will receive a badge that can be used on their website and in all marketing materials except the AADMM website.

There are two options for agency members:

Option A – Membership Background Check – $85* per member listed in the agency – This background check provides a thorough criminal background search on the agency AADMM member.

Option B – Background Check Cleared Program (BCC Program) – $85* per employee (up to 10 employees) all employees must participate regardless of AADMM membership – This background check is a thorough criminal background search on the employees of the AADMM agency member and entitles the agency to participate in the BCC Program. The agency will receive a badge that can be used on their website and all other marketing materials except the AADMM website. There is an annual fee of $150 which includes continued criminal monitoring. Any new employee of the agency must have a background check conducted ($85*) and will be added into the continuous monitoring program.

*Court access fees may apply depending upon geographical location.

If I choose Option B for Agency, do I need to pay $85 every two years for each of my employees?
No, you would only pay the initial fee for each new employee plus the yearly agency fee.

Does an agency have to have all of their employees checked even if they are not AADMM members?
No, they may choose Option A if they want to order background checks on AADMM members only.

As an agency, can I get a Background Check Cleared Badge if I do not have my non-members checked?
This is not an option.

What does the background check include?
The standard AADMM Background Check includes the following:

  • Social Security Verification
  • Address History Trace
  • County Criminal (All counties of residence in the past seven years)
  • Federal Criminal (All states of residents in the past seven years)
  • National Criminal Database Search
  • National Sex Offender Search
  • Global WatchList (OFAC)

What will disqualify my background check?
Global Investigative Services, Inc. will check the following:

  • Dishonesty: All fraud, including but not limited to credit card fraud, embezzlement, bad/worthless checks, fraudulent trading, possession of stolen property, forgery and counterfeiting, proceeds of crimes offenses, theft, bribery and corruption, money laundering, concealment of property, trespassing with intent to steal (burglary), blackmail/extortion.
  • Business: Any offense involving computer misuse, organizing or engaging in illegal work, economic/corporate/business espionage.
  • Other: Felony (US – convictions), sexual offenses, assault/battery/abuse.

Is there an appeal process if my background check does not clear?
Yes, you will work directly with Global Investigative Services, Inc. on this. AADMM is only notified of the passing status of an applicant and will not know if an applicant does not clear.

Will members be grandfathered if they already have a background check?
New and renewing members for 2019 who have undergone a background check in 2018 will be exempt from the first background check if they provide proof of a clean background check completed in 2018. After 2019, any new member who has a current background check completed within the past year will be grandfathered in for their initial check.

What if I already have a clean background check?
New and renewing members who have undergone a background check in the past year will be able to join with proof of a completed, clean background check. On their first renewal after the two-year anniversary of that background check and for all subsequent renewals, they will be required to pass the AADMM background check.

Does AADMM have access to my confidential information?
AADMM will not have access to any confidential information submitted or identified during a background check. The member will interact directly with Global Investigative Services, Inc. to order the background check and AADMM will only be notified of the passing status of applicants.

How often will you need to complete a background check?
Background checks must be completed every two years. Those renewing/joining in 2019 will be required to have a new check done for the 2021 renewal year.

Will we be notified of the results before AADMM gets them?
The background check report will only be provided to the member who requests the check. Global Investigative Services, Inc. will only inform AADMM that a member passed the background check.

How secure is the process?
The process of transmitting information is between the member and Global Investigative Services. Please see the Global Investigative Services, Inc. privacy policy for more information: https://gispi.com/privacy-statement

Where will the information that we give them be stored?
The background check transaction is between the member and Global Investigative Services, Inc. Global will have access to and will store the member’s information. AADMM will not receive any information provided to Global.

How will they guard our information from misappropriation and hacking?
Please see the Global Investigative Services, Inc. privacy policy for more information: https://gispi.com/privacy-statement.

Will we be given the entire report of their findings?
The member will be given the entire report.

Will AADMM be given the entire report of their findings?
No, AADMM will only be informed if member passes. If someone should fail the background check, AADMM will not receive anything, but the individual’s application/renewal will not be processed without a passing background check.

How will AADMM safeguard any information regarding our background checks?
AADMM will not be provided any background check reports.

Why isn’t this offered as a voluntary membership arrangement that we can purchase, similar to the insurance coverage?
The AADMM Board believes that this is a critical element in the development of daily money management as a profession as it enhances our credibility in the marketplace. Just as all members are required to sign our Code of Ethics, all members will now be required to pass a third-party background check.

This will drive our membership cost over $300, has the Board considered that this will most likely result in membership attrition?
The Board considered the added costs and its possible effect on members. Once the background check fee of $42.50 a year ($85 every two years) was determined, the Board felt strongly that the benefits of having the background checks far outweighed the added cost.

AADMM dues renew at the end of the calendar year. It’s one thing to calendar the renewal and make the payment, but do the members want the additional burden of going through a background check during the Holidays?
The dues renewal process begins in early December and AADMM members must renew by January 31 to remain active. We feel the 60-day period provides enough time to complete the background check process.

Will it require submission of documents?
No, just information.

Will it require us to be fingerprinted?
No

Will they require us to have our biometrics taken?
No

If an AADMM member conducts business in two states, but only has a residence in one of those states, how would they request a check for each of the states they do business in?
The proposed background check for the AADMM membership includes criminal searches in all counties/states of residence in the last 7 years at both the state and federal level. Members will not need to request a background check for each state they do business in if they have resided in each of those states within the last 7 years (regardless of where they are living now). It will be a part of that search.

If a member has not resided in one or more of the states they do business in, or if they have not resided in one or more of the states within the last 7 years, they should contact Global Investigative Services to discuss their request prior to requesting the check.

Will AADMM be making a profit on the background checks?
No, AADMM will not be receiving any monies, only the vendor will.

Will AADMM consider exception requests?
In the spirit of unbiased fairness to all our members, AADMM will not consider exception requests. A process is in place to recognize and honor criminal background checks completed within the past year when appropriate documentation is provided as outlined in the Important Membership Notice – July 2, 2018. No further exceptions will be permitted.

The information presented here is not intended to substitute for legal, accounting, tax or other professional advice. Probate and contract law varies form state to state. All members are advised to obtain advice from professionals in his/her own state. Any information and reference materials recommended by other members should not be relied upon as being comprehensive or error free. Any legal documents shared by members should be reviewed by an attorney in the member's home state.
The user assumes all responsibility and risk for the use of this website. Under no circumstances shall the American Association of Daily Money Manager (AADMM), its board members, or management team be liable for any direct or indirect damages that result from the use of information posted on the website. Reference to any products of services are for convenience only and do not constitute an endorsement of AADMM.