INS-TM-001Critical Risk
transaction monitoring
Red Flag
Policyholder pays the first premium with a large wire from a third party who is not a documented family member or employer, and the wire memo provides no explanation for the payment.
Industry
Insurance Companies
Transaction Type
wire
Customer Type
individual
Category
Regulatory Source
Document:FIN-2008-G001 Insurance Red Flags
Type:FinCEN Guidance
CFR Citation:31 CFR §1025.210
SAR Category:Wire transfer
FinCEN Key Term:Third-Party Premium
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.