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Sherry works in the claims department of ABC Life Insurance. During the payment of a recent claim, Sherry becomes suspicious that the policyowner was trying
Sherry works in the claims department of ABC Life Insurance. During the payment of a recent claim, Sherry becomes suspicious that the policyowner was trying to perpetrate insurance fraud. Under the FinCEN final rules, Sherry should: Report false or fraudulent activity to FinCEN in all cases Report false or fraudulent activity to FinCEN only when there is evidence that it involves money laundering or terrorist financing Report false or fraudulent activity to the district attorney since insurance fraud is a crime Report false or fraudulent activity to FinCEN only if the amount of the fraud is $10,000 or more
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