MONEY LAUNDERING REPORT
June 1st, 2005
BY KEITH NUTHALLIT is an oft-quoted truism that where the money goes criminals follow, and, sadly, this is true of the insurance sector. The industry is not only growing in size, it is offering increasingly complex products and spreading its tentacles into further flung reaches of developing and emerging markets. Step forward the world's money launderers. They have spotted that the insurance industry offers excellent opportunities in which to conceal their ill-gotten gains, and the world's anti-money laundering authorities are getting twitchy. Witness the latest ...
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