no background check?

I just got an offer at UBS hong kong private bank. I was expecting the forms for backgrounc check with my contract and team pooling agreement. However I did not see any of the forms. The only thing they asked is a copy of my degree certificate to submit so that the compliance team can apply for a working permit at the immigration office. I was introduced to this position by a client of their's.

Does anyone know why is this the case? Just because the introduction they wave the background check??

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