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Financial Crimes Services and Fraud Prevention Study

Russ Anderson, CFE 3/23/2021

LIMRA’s Financial Crimes Services (FCS) and Fraud Prevention study provides the life insurance and retirement services industry with a collective look at the most current data, metrics, and information related to their financial crimes services and fraud prevention programs.

Summary

As fraudsters become more and more sophisticated, the financial services industry must continue to accelerate and innovate how they detect and prevent fraudulent activity. LIMRA’s Financial Crimes Services (FCS) and Fraud Prevention study provides the life insurance and retirement services industry with a collective look at the most current data, metrics, and information related to their financial crimes services and fraud prevention programs. This report covers key findings from several areas including organization, program maturity, governance, risk assessments, technology and tools, training, and fraud awareness.

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Meet the Project Director

Russ Anderson, CFE
Russ is currently responsible for leading LL Global, Inc’s. Financial Crimes Services program and tasked with identifying, defining and building shared business solutions, to help the industry better combat fraud. Russ is a Certified Fraud Examiner with 30 years of industry experience working in and leading various auditing, compliance, finance, risk management and fraud operations teams.

Head of Fraud Prevention and Compliance Solutions
LIMRA and LOMA
randerson@limra.com


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