Cryptic crossword clue
Peer regularly involved in suspect marine business 7

The most common and most likely answer to this crossword clue is the 7 letter word FISHERY

I've seen this crossword clue in The Daily Telegraph
F
I
S
H
E
R
Y

Buddy explains!

The straight part
We know that "marine business" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case marine business = fishery.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does FISHERY mean?

FISHERY noun
  1. Fishing: the catching, processing and marketing of fish or other seafood.
  2. A place related to fishing, particularly:
  3. A right to fish in a particular location; Territorial fishing waters.
  4. A fishing company.

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