FinCen Eyes Suspicious Life Settlement Transactions

A federal program that collects information about possible cases of money laundering is receiving some reports on life settlement transactions.

Officials at the Financial Crimes Enforcement Network, a branch of the U.S. Treasury Department, have discussed those reports in a catalogue of about 1,300 “suspicious activity reports” that insurers filed with FinCen from May 2007 to May 2008.

http://www.lifeandhealthinsurancenews.com/News/2010/1/Pages/FinCen-Eyes-...