Red Flags for Potential Money Laundering in Insurance Transactions

Identifying Red Flags for Money Laundering in Insurance Transactions

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A compliance officer at an insurance company has been reviewing the transaction activity of several clients.

Which transaction is considered a red flag for potential money laundering?

A. A client paid the quarterly life insurance premium using money orders from two different banks.

B. A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.

C. A corporation owns several affiliates and recently opened separate group life insurance policies for each of the affiliates.

D. A client established a $100,000 charitable annuity with a non-profit organization that provides health and safety assistance internationally.

Click on the arrows to vote for the correct answer

A. B. C. D.

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