Anyone in the insurance industry knows that fraudsters are becoming more sophisticated and their crimes more difficult to identify. Insurance fraud in the UK costs an estimated £3 billion per year – but only around a third of that is detected. Whilst opportunistic fraud poses a problem to the industry and
Money Laundering has been around for many years. In fact, the term originated in 1920s Chicago, when Al Capone, the original money launderer, “cleaned” the profits of his crimes by cycling the money through a chain of laundrettes that he owned. Nowadays, money laundering uses increasingly innovative and sophisticated techniques,
European agriculture is under enormous pressure to achieve the level of sustainability envisaged by EU initiatives such as the Green Deal and the Farm to Fork strategy. Meanwhile, the international crisis in Ukraine also reminds us that we need to make our food system more resilient to shocks. Data-driven policy
COVID-related lockdowns around the world resulted in changes to the way that we work, study and live. Some of these changes were positive: better access to remote learning and working for those who want it, for example. However, there were other less positive developments, including a huge rise in cybercrime.
As a former police commissioner, I can testify that public-sector fraud is a global problem. Government fraud is becoming bigger and more dangerous every year, especially in the COVID-19 era. Governments view the pandemic as a public health emergency and a severe threat to economic stability. But it’s also important
The fight against fraud and money laundering is an ongoing one. Fraudsters move fast to stay ahead of their targets, and it is hard for organizations to keep on top of the situation. New regulations have recently targeted anti-money laundering as a way to prevent terrorist financing and tax avoidance
When considering anti-money laundering operations, it’s not unreasonable that most people would probably think first of banks and other financial institutions. These organizations are probably the most obvious place to deposit large sums of money, including those obtained from criminal activities. And are therefore the most important first line of
The process changes that are taking place in the insurance world are massive. More and more insurance companies allow for remote sales of life products and entire sales processes have been simplified for the benefit of the customer. However, opportunities for abuse arose with them as well. A simpler process