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FCA fines insurance broker GBP1.8 million for poor anti-bribery controls

( December 19, 2013, 09:16 GMT | Official Statement) -- MLex Summary: A UK insurance broker, JLT Speciality, must pay a 1.8 million-pound fine for failing to install proper anti-bribery systems when making overseas payments, the Financial Conduct Authority said. JLT didn’t conduct due diligence when entering a commercial relationship with partners in other countries that helped JLT win new business, the FCA said.The text of the statement follows. Click the attachment at the bottom to read the final notice....

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