Money Laundering on the High Seas

I never underestimate the creativity of crooks.  This ingenious scheme illustrates how crooks are always looking for a weakness to exploit.  In this case, the criminals insured a marine vessel and then they made a claim against that policy each month.  The claim was always lower than the premium, and the insurance company did not become aware of the fraud as they were making a profit.

The crooks had found a sure-fire way to launder money.