Financial Times FT.com

Money launderers 'targeting insurance industry'

By Robert Orr

Published: February 8 2005 02:00 | Last updated: February 8 2005 02:00

International criminals are increasingly using the insurance industry as a way of laundering the proceeds of crime, a leading barrister has warned.

Jonathan Fisher QC, an expert in financial crime, warned insurers and brokers of a need to detect and report suspicious transactions, or face fines from the City regulator.

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