As thousands of holidaymakers travel abroad this half-term, the Insurance Fraud Bureau (IFB) and City of London Police’s Insurance Fraud Enforcement Department (IFED) are urging the public not to be tempted to make fraudulent travel […]
Looking for growth areas in the UK insurance market? Over the next 12 months, annual travel insurance will see the highest potential growth (+15%) of ten types of the most common, annually-purchased personal lines insurance […]
As many people in the insurance sector know, ghost broking is still around and in many parts of the UK, thriving quite nicely. The temptation, especially for younger and high risk drivers like delivery operatives, […]
Hassan Zebdeh, Financial Crime Advisor at Eastnets discusses the latest money laundering challenges facing insurers and how to tackle them. Fraudsters are experts at finding novel ways to launder money. This is evidenced in the […]
Latest from the FCA as they finally get to grips with the vast amounts of cash money laundering going through Post Offices to overseas accounts. Here’s the word; A series of measures designed to reduce […]
The FCA has fined Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls. Between 1 April 2015 and 30 November 2017, Al Rayan allowed money to […]
The latest action from the FCA; The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 […]
Inflation is still high, money is tight, so what can you do to earn extra cash from a side-hustle or part time gig? A “solopreneur” is any business owner who does all their work independently. […]
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