Insurance-based Investment Services

• Criminals acquire insurance-based bond products to store illicit funds under insurance wrappers, making it more difficult to trace ownership.
• Purchasing these products in the names of relatives or third parties further obscures beneficial ownership.
• The interest and redemption proceeds from such policies are portrayed as legitimate insurance payouts.

• Criminals can channel illicit proceeds into single-premium or investment-linked insurance policies established in secrecy-prone jurisdictions, masking the true source of funds.
• They may rapidly redeem or surrender the policies, making subsequent payouts appear legitimate.
• Staged or fabricated claims (e.g., phantom vessels) can generate seemingly lawful insurance proceeds.
• Offshore environments provide anonymity and hinder effective AML scrutiny, facilitating layering of illicit assets.

• Criminals deposit large lump-sum contributions into products combining insurance coverage with investment or savings components.
• After inflating account balances beyond typical usage, they initiate early redemptions, framing proceeds as standard investment returns.
• This approach masks the original source of funds through seemingly normal insurer-issued payouts.

• Criminals invest illicit funds into insurance-based products featuring savings or investment components.
• They structure or overinflate premium payments, possibly from multiple or high-risk jurisdictions.
• Upon early withdrawal or policy surrender, the resulting payouts are disguised as legitimate refunds or disbursements.
• Third-party payers and complex beneficiary structures further disguise beneficial ownership, complicating AML scrutiny.

Criminals deposit illicit funds as lump-sum or structured premiums into annuity-like policies, masquerading these deposits as legitimate investments.

• They exploit partial withdrawals, policy loans, or early surrenders, which appear as typical investment proceeds, thus layering illicit funds.
• Ownership transfers or policy assignments to third parties with no clear connection to the policyholder obscure the ultimate beneficiary.
• Use of secrecy-friendly jurisdictions and complicit brokers further hides real ownership and transactional flows, making it difficult to trace illicit origins.

• Single-premium or investment-oriented insurance solutions allow large lump-sum inflows from dubious sources.
• Repeated changes of beneficial ownership or beneficiaries within these policies help criminals conceal illicit proceeds and hamper investigators.

• Criminals overfund single-premium or investment-linked policies with illicit money and later request refunds or partial surrenders disguised as normal policy disbursements.
• The regulated appearance of these products helps legitimize the funds, making it harder to identify the criminal origin.
• Flexible premium payments and early withdrawals enable repeated layering and concealment within purportedly standard insurance transactions.

• Permits large or repeated contributions into investment-linked insurance products, masking illicit funds as normal policy top-ups.
• Offers flexible redemption or surrender options, enabling quick withdrawal of layered funds under the pretense of standard investment policy disbursements.