AML fraud flags Best practices for insurers

| December 18, 2018

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Insurers should keep an eye out for these red flags to remain in compliance with anti-money laundering (AML) rules and regulations. Sales involving. Unusually large single premiums, or a series of large premium payments. Unusual payment methods, such as cash, cash equivalents, or structured monetary instruments. Excessive transactions or early surrenders.

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MEDGULF Saudi Arabia

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) is a Saudi insurance company providing businesses, organizations and individuals comprehensive insurance coverage, that provides them with comfort and safety, As well as high-quality services for all our clients.

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Spotlight

MEDGULF Saudi Arabia

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) is a Saudi insurance company providing businesses, organizations and individuals comprehensive insurance coverage, that provides them with comfort and safety, As well as high-quality services for all our clients.

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