MONEY LAUNDERING
February 1st, 2003
BY KEITH NUTHALLTHE INSURANCE sector may be so vulnerable to money laundering that the subject is probably worth in depth additional inquiries, the Financial Action Task Force (FATF) of the Organisation for Economic Cooperation and Development (OECD) has said. It has released a report on Money Laundering Typologies that concludes the sector may be as vulnerable to organised criminals seeking to conceal illegal funds, as the financial securities sector. Inquiries collated by the FATF revealed that brokers were often the weak link in the chain regarding money ...
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