INS-KYC-004High Risk
identity/KYC
Red Flag
Corporate policyholder is a shell company with no physical office, website, or employees, and the stated business purpose is inconsistent with the type or amount of insurance requested.
Industry
Insurance Companies
Transaction Type
other
Customer Type
business entity
Category
Regulatory Source
Document:FIN-2008-G001 Insurance Red Flags
Type:FinCEN Guidance
CFR Citation:31 CFR §1025.210
SAR Category:Identity verification concerns
FinCEN Key Term:Shell Company Policy
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.