High-value watches that are reported stolen or linked to insurance fraud are taken overseas via airports to be resold, according to intelligence gathered by the City of London Police’s Insurance Fraud Enforcement Department (IFED).
Acting on the intelligence, IFED coordinated a two-day operation at Heathrow Airport on 6 and 7 November 2024 to help disrupt the practice.
https://www.cityoflondon.police.uk/news/city-of-london/news/2024/november/police-operation-disrupts-luxury-watch-insurance-fraud/