FSA fines Aon £5.25m

Between 14 January 2005 and 30 September 2007, Aon failed to properly assess the risks involved in its dealings with overseas firms and individuals who helped it win business and failed to implement effective controls to mitigate those risks. As a result of Aon's weak control environment, the firm made various suspicious payments, amounting to approximately US$7m, to a number of overseas firms and individuals.

Margaret Cole, director of enforcement, said: "This is the largest financial crime rela