Nicolas Fleuret, Financial Crime Risk Leader discusses the TRACFIN newsletter for professionals in the fight against money laundering and the financing of terrorism in the insurance sector. The insurance sector presents a moderate risk (life insurance, mainly exposed to the risk of tax evasion) or low (non-life insurance where the risk of money laundering or terrorist financing is closely linked to tax fraud). 'assurance).

In life insurance, tax evasion remains the underlying most reported alongside abuse of weakness. In non-life insurance, the products offered concern both property (fire, accidents and miscellaneous risks) and people (civil liability, personal accident cover, provident contracts, health). Faced with these risks, the insurer must set up a complete and up-to-date KYC, allowing it to implement its duty of vigilance and to make, if necessary, a declaration of suspicion. It should be noted that TRACFIN is an intelligence service competent in the fight against money laundering and the financing of terrorism (LCB-FT).