Offence and fraud affect all institutions but are particularly dangerous in the insurance sector. It is important that each organization should detect them effectively and thus tackle them.
Financial offences can be of a different nature. They aim at financial institution directly and then we talk about fraud. If the offence is done using the services provided by the institution, then we talk about "money laundering".
Banks are required by law to combat "money laundering”. The current Polish Law of 16th November 2000 on “money laundering” counteracting and terrorist financing together with the Amendment of 25th June 2009 requires financial institutions to register, analyze and transmit to the Main Inspector of Financial Information (MIFI) information about suspicious and related transactions as well as all information about financial operations of more than 15 million euros.
Fraud (insurance fraud) is a problem especially intensified in the insurance sector. American National Insurance Crime Bureau estimates that fraud is about 10% of insurance events of all cases. In practice this means that the detection of all the fraud would reduce the total amount of compensation paid by 10%.
To countermeasure offences and fraud effectively, an information system to detect and prevent offence trials quickly is very important.
BSB offers solutions to counteract both mentioned dealings. Those are: SPERT - System for Electronic Transactions Register and fraudSPERT system dedicated to comprehensive support for detection of fraud trials.
We invite you to take a look at our offer: