Making payments via a company located in a jurisdiction that is known to have lax anti-money laundering controls is a sign of suspicious activity and should be reported. When making a payment of this nature, the insurance company should be aware of the client's source of funds and the possible risks associated with the transaction.

According to the Wolfsberg Group, a global association of leading banks that develops guidance and standards for the management of financial crime risks, both private and correspondent banks should monitor account and transactional activity after the proper identification and verification of customers, as part of their anti-money laundering and counter-terrorist financing (AML/CTF) measures12. This is consistent with the FATF Recommendation 10, which requires financial institutions to conduct ongoing due diligence on their business relationships, including scrutinising transactions to ensure that they are consistent with the customer's risk profile and source of funds3. Monitoring account and transactional activity is a key component of the risk-based approach, as it enables banks to detect and report suspicious or unusual transactions, identify changes in customer behaviour or circumstances, and update customer information and risk assessments accordingly4.
References:
1: Wolfsberg Anti-Money Laundering Principles for Private Banking (2012)
2: Wolfsberg Correspondent Banking Due Diligence Questionnaire (2017)
3: The FATF Recommendations - Financial Action Task Force
4: Risk-Based Approach for the Banking Sector - Financial Action Task Force

Explanation
https://www.naic.org/documents/committees_d_antifraud_meetingcc_faqsinsurance_103105.pdf

Reference: https://www.fia.tc/wp-content/uploads/2018/04/FIA-SARGUIDE-0515-1.0.pdf