The insurance sector has seen it fair share of financial crime linked through money laundering and fraud – from your typical life insurance scams to early redemption red flag triggers, securing insurance covers for properties, goods & services is becoming a classic typology for laundering funds. We provide support and advice through designing bespoke policies, procedures and targeted training to assist insurance firms identify, mitigate and manage risks in financial crime.

Examples of our work

    • Reviewed a major insurance firms FC policies and Standards and recommended changes and updates in line with recent EU AML Directive changes
    • Designed a RACI Matrix to showcase the 3 LoD model and identify who was responsible and accountable within the firms AML & AB&C Risk Management framework

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