So, what is financial crime?
- Financial crime covers a wide range of criminal offences including fraud, money laundering, bribery and corruption, terrorist financing, tax evasion and market abuse and insider dealing. The primary motivation for such crime is to make money.
- The estimated cost of serious and organised financial crime to the UK is £37 billion a year. The impact is felt by individuals, companies, organisations and nations due to the considerable loss involved.
Does financial crime impact me?
Financial crime impacts everyone with an increase in policy premiums. It can also damage the confidence of our more vulnerable customers in their ability to manage their financial affairs.
Everyone is a potential victim, so financial crime awareness is key to your protection.
You can read more about how you can avoid becoming a victim of financial crime by spotting the signs.
Preventing financial crime at LV=
We employ teams of specialists, with many years experience, to investigate any suspicions of financial crime and report our findings to the police and other law enforcement agencies.
We work with many organisations to support this including:
What should I do if I suspect fraud?
If you have an LV= insurance policy and you're worried about suspected fraud you can email us directly on [email protected]
If you don't have an LV= policy, you can report your financial crime suspicions to Cheat Line on: 0800 422 0421.