Blog: Paul Tasker on brokers’ anti-money laundering responsibilities and actions
Paul Tasker, CEO of Reg Technologies, sets out responsibilities and a ‘must do’ list for brokers to deliver their crucial role in the fight against money laundering.
You can always find a blog or article detailing the cost of fraud and money laundering to the insurance industry, which is often supported by impactful statistics. A ‘Top 4’ survey recently found that ‘two thirds of insurers had experienced fraud or financial crime in the previous year’.
Differences between fraud and money launderingThis is not a surprising statistic, but aggregating fraud and money laundering data appears to be treating the two as the same, which of course, they are not.
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