FSA lands Aon with record fine
The Financial Services Authority (FSA) has handed out its heaviest financial punishment to date in the shape of a £5.25m fine to Aon over payments it made to overseas firms and individuals.
The FSA said that the broker had failed to take reasonable care to establish and maintain effective systems and controls to counter the risks of bribery and corruption. The regulator found that between 14 January 2005 and 30 September 2007, Aon failed to properly assess the risks involved in its dealings with
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Egan reflects on RSA UK numbers
- Masojada: Hiscox regrets "anguish and uncertainty" caused by Covid-19 BI dispute
- Aston Lark snaps up Scottish broker
- Interview: Ecclesiastical's Richard Coleman
- Aviva to buy Axa XL's Private Clients business
- Inflexion reveals fresh broker investment following Bollington sale
- Ardonagh buys specialist M&A broker