Two men and a woman have been arrested in London as part of a continuing police crackdown on ghost insurance broking.
According to the City of London Police, the three unidentified suspected fraudsters were nabbed on Wednesday following raids in Tottenham, East Ham and Barking.
Several premises were searched during the joint investigation between the police’s major crime team and the Insurance Fraud Bureau (IFB). A number of items were seized, including paperwork seemingly related to vehicle insurance policies, laptops, mobile phones and £2,000.
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Two of those arrested were suspected of acting as unregistered insurance brokers, conspiring to commit fraud by false representation, conspiring to supply drugs and money laundering. The other suspect was arrested for conspiracy to commit fraud by false representation and money laundering offences.
However, the three suspected fraudsters have been released on bail until May as the investigation continues.
The City of London Police said that the “arrests come as we continue to tackle the practice of ghost broking.”
“The IFB is working with us to identify the widespread reach of ghost broking across the insurance industry,” the police said in a news release.
The IFB acts as a central data hub for the industry to detect and disrupt organised motor insurance fraud. It works in partnership with UK police forces to support the arrests of suspected fraudsters.
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