#fraud and money laundering

[eastnetsblogs]

Combating Fraud and Money Laundering in the Insurance Industry

Insurance companies are susceptible to both fraud and money laundering activities. Fraud involves manipulating the system to gain an unfair financial benefit, such as filing false claims or exaggerating losses. Money laundering seeks to disguise the origin of illegally obtained funds, potentially using insurance policies as a tool.

To combat these issues, a multi-pronged approach is crucial:

Implementing Strong Customer Due Diligence (CDD): This involves thoroughly verifying the identity and background of policyholders, beneficiaries, and other involved parties. This helps identify suspicious activity and prevents individuals with a history of fraud or money laundering from obtaining coverage.

Utilizing Data Analytics and AI: Advanced software can analyze vast amounts of data to identify patterns and red flags that might indicate fraudulent claims or suspicious transactions. This allows insurers to target their investigations more effectively and prevent potential losses.

Employee Training and Awareness:  Equipping employees with the knowledge and skills to recognize potential fraud and money laundering attempts is essential. Regular training sessions can help employees identify suspicious behavior and report it to the appropriate authorities.

Collaboration with Law Enforcement: Maintaining open communication channels with law enforcement agencies allows for a coordinated response to identified criminal activity. Sharing information and collaborating on investigations can lead to successful prosecutions and deter future attempts. By adopting these measures, insurance companies can create a robust system that safeguards against financial crimes. This not only protects the company's bottom line but also ensures the integrity of the insurance market and upholds the trust policyholders place in the system. Investing in fraud protection and anti-money laundering software solutions is also a reliable solution. Want to give it a trial? Request a demo today!

[destielmemenews]

"Russian-born Durov was detained Saturday at Paris’s Bourget Airport on a warrant related to Telegram’s lack of moderation.

Those charges include allegations that his platform was complicit in aiding fraudsters, money launders, drug traffickers and people spreading child sexual exploitation content, French prosecutor Laure Beccuau said in a statement Monday. Beccuau added that Durov is accused of refusing to communicate “information or documents” related to the investigation."

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[socialjusticeinamerica]

It’s stock is defying any norms of legit business practices. The company is worth practically nothing and keeps hemorrhaging customers and advertising revenues which should lead to a collapse. Despite plunging somewhat, shares actually went up five dollars recently. It appears to be crypto all over again in that drug cartels, rogue nations, and criminal enterprises are using it to launder money.

[sher-ee]

Well, well…turns out the Epoch Times was a big ol’ money laundering operation.

Read here ⬆️

[mingos]

you should all give your muses dq pirate verses, actually.

[dontmean2bepoliticalbut]

[dontmeantobepoliticalbut]

Anti-LGBTQ+ Arkansas Gov. Sarah Huckabee Sanders (R) acknowledged that she spent $19,000 in state taxpayer funds on a lectern that she’s not even publicly using. She paid for it using a state credit card, and the Republican Party of Arkansas eventually reimbursed the state for the lectern, but only after a local blogger revealed the uncommonly expensive purchase.

While speaking to the press on Tuesday, Sanders explained that she would not be using the lectern, even though it was purchased specifically for her public statements as Governor, because the media would “talk about nothing else” if she used it for its intended purpose.

“I figure if you do [use the lectern], you [the media] would talk about nothing else than the important actions that we’re actually taking … which, unfortunately, is not surprising, that while we are focused on things that actually impact our state and impact Arkansans, the media wants to spend all of their time on things that frankly don’t,” she chastised reporters on Tuesday.

Sanders’ office purchased the custom blue and wood-paneled lectern from Beckett Events LLC in June for $19,029.25, “significantly higher than prices listed online for other lecterns,” KTHV reported. On Tuesday, she explained several features that may have added to its cost.

“In terms of specific features, the height of the podium is specific,” she said. “I don’t know if you noticed but women are traditionally shorter than our male counterparts. And so that makes a little bit of a difference…. It also incorporates sound components that make it easier to plug in for multiple media outlets at one time to get the best sound quality, I guess, possible, to relay back to TV and the purposes of that nature.”

In September, local blogger Matt Campbell revealed that Sanders’ office had made the expensive purchase. Sanders’ executive assistant and office manager Laura Hamilton has since been accused of altering an invoice for its purchase, writing an undated note that the item was “to be reimbursed.” Hamilton hasn’t revealed who allegedly told her to add the note.

Sanders’ office has also been accused of illegally withholding and redacting documents associated with its purchase. She has claimed that she purchased it using taxpayer funds as an “accounting error” and said that questions around its purchase are “nothing more than a manufactured controversy.” However, state Sen. Jimmy Hickey (R) has ordered a legislative audit to “get all the facts.”

Although the Republican Party of Arkansas reimbursed the state for the purchase, “A check from the party was not written until September, three months after it was purchased,” the aforementioned news outlet reported.

In March, Sanders signed a law prohibiting trans students from using bathrooms that match their gender identity.

In February, she signed a bill reclassifying drag performances as adult-oriented entertainment. In March, she signed a “Don’t Say Gay” law, banning classroom instruction on gender identity and sexual orientation before fifth grade, as well as another bill allowing anyone who received gender-affirming care as a minor to sue their doctor up to 15 years after they turn 18.

In June, a federal judge struck down the state’s ban on gender-affirming care for transgender minors, which the legislature passed before Sanders became Governor.

[someotherdog]

character: bill open: f/nb — 24+ only plot: bill is part of the notorious los lobos locos gang; your muse is very much not part of the criminal world, but recently was held hostage by masked men after a bank heist gone wrong. a few weeks later, your muse starts to date a nice man named bill that works in real estate development. unbeknownst to her, her new boyfriend bill was actually one of the men that held her hostage. only dating her to keep an eye on her and make sure she doesn't recognize him or rat on his crew, he might be falling for her for real. ( based on the town ) the only requirement is no jessica henwick fcs, as that’s his sister’s canonical fc, and nothing t*boo. it's up to you if she's completely oblivious or maybe has her suspicions! this post was made using beta editor, please do not reblog it in legacy as i no longer have access to it!

at first there had been a perverse excitement to it. naturally duplicitous, bill often felt duper's delight in his normal life, but there was an extra thrill to his current con. she had no idea that the man that held a gun to her head a month ago was the exact same man that had taken her on three dates so far. it only started because gabriel got paranoid that she'd recognized them and then logan suggested they'd go back and finish the job. so really, in a way, bill was saving her life. of course he found her beautiful when he was holding her at gunpoint, but there was rarely a woman around that bill didn't find beautiful, and by 'saving' her, he was saving himself and the lobos. it wasn't the worst way to spend his nights, so he didn't mind sticking around just to figure out what she knew and who she was going to tell. that night, on their fourth date, he had taken her to a piano bar that was on the other side of the city. taking a sip of his whiskey, he set the glass back on the table and leaned back in the booth, "so how are you feeling? are you still have nightmares about the heist?" bill asked, desperate to ask her if she had seen or suddenly remembered the wolf tattoos that decorated the masked men's necks—the same one that was inked onto bill's, sitting just beneath the collar.

[lasseling]

Defendants Caught Trying to Bribe Juror with $120,000 Cash Stuffed in Hallmark Gift Bag

A Minnesota-based trial took a bizarre turn when the defendants made a brash attempt at trying to sway the jury’s verdict.

[nando161mando]

CFO for the Epoch Times, a far right conspiracy newspaper, has been charged as part of a money laundering scheme.

[eclipsecrowned]

why does j0do's dewn make more sense as an elaborate scam than as a genuine project --

[memenewsdotcom]

Binance fined $4 billion

[wilsonthecrimepossum]

aren't you worried about getting caught?

What judge wants to be the first to prosecute America's only marsupial?

[prep4tomoro]

Political Contributions Fraud (via this Money Laundering Scheme) Could Affect You Without Your Knowledge:

What is Smurfing?

Smurfing Money Laundering: Mechanics, Detection, and Prevention

Wisconsin Ethics Commission is investigating new Supreme Court Justice Janet Protasiewicz’s campaign for alleged money laundering and fraud. A complaint accuses the campaign of “smurfing”–the illegal practice of laundering big money donations through unaware small-dollar donors.

Chris Gleason on Cowboy Logic (09/23/2023)

thejusticesociety.com

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[ophilosoraptoro]

I Accidentally Got SBF To Admit to Fraud

[dontmean2bepoliticalbut]