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Former insurance employees charged by ICAC for $4.25m fraud and $2.3m money laundering involving dummy agents and false policy applications

The ICAC on July 17 charged five former employees of an insurance company in two separate cases for their alleged involvement in a dummy agent scam as well as providing false information in insurance policy applications respectively to defraud the company of a total of $4.25 million in commissions and other payments. Three of the dummy insurance agents were also charged for allegedly handling over $2.3 million in crime proceeds.

Resources: https://www.icac.org.hk/en/p/press/index_id_1913.html

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