Insurance companies

Red flags include:

  • Cash payments on insurance policies

  • Refunds requested during cancellation period

  • Policy payments made from abroad

  • Beneficiary of policy has no relation to the policy owner

  • Unconcerned with penalties for early redemption

  • Bonds sold in one jurisdiction that are redeemed by an entity in another jurisdiction

Next Topic: Broker-Dealers

Previous Topic: Money remitter/ currency exchange house

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