Financial Crime describes criminal offences like fraud, theft of money or other assets for financial gain, and money laundering.
Recent figures suggest undetected insurance claims fraud alone totals £2.1billion a year which adds an average of about £50 to the annual cost of an insurance policy.
At LV= we work hard to prevent fraud and other financial crimes to help keep your premiums as low as possible. We employ teams of specialists to prevent and investigate financial crime and they have many years of crime fighting experience.
Here are some tips to help you avoid becoming a victim of financial crime:
Find out about types of insurance fraud and how to avoid them like:
Find out about types of life insurance fraud and the people fraudsters target: