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