Money Laundering
(1) A process whereby money generated by criminal activity is run through a series of financial transactions to hide the original source. (2) As noted in the IUA’s anti-money-laundering guidelines (cf. Circular 107/04 of 17th November 2004), money laundering is now a much wider concept than once was. It embraces activities relating to the proceeds of criminal conduct. The Money Laundering Regulations 2003 came into effect in the UK on 1st March 2004, and although general insurers are not caught by them, it is important to note that they are subject to the wide-ranging provisions of the Proceeds of Crime Act 2002. As money laundering is defined by statute and includes an offence of merely “being considered in an arrangement which facilitates the acquisition, retention, use or control of criminal property”, those involved in any business where significant sums of money change hands are at risk.
Do you have old policies lying about? Perhaps it's a term or whole of life insurance, pension, endowment, bond or an annuity policy. Or do you receive statements for a policy which you are unsure about? Why not use Policy Detective to find the answers.
Which company now looks after your policy? Who can you contact about your policy? What do all those words and phrases on my policy document actually mean?
Policy Detective is a UK company for UK customers. We help you to track-down the Administrators for policies which you or your loved ones may have in the bureau or the attic. You never know how much money there could be in that old policy. It's not easy to find this information, as companies through time are taken-over, merge with other companies and even change their names. We can help you find the company which now deals with your policy. Some companies even allow us to check the status of your policy.
