Bribery
FCA brings fighting financial crime under the microscope for brokers and insurers
The Financial Conduct Authority has pinpointed risk assessment, policies and procedures as areas for insurers and brokers to improve in the fight against financial crime.
FCA fines JLT Specialty £7.8m for financial crime control failings
The Financial Conduct Authority has fined JLT Specialty £7,881,700 for financial crime control failings, which in one instance allowed bribery of over $3m to take place.
FCA puts broker commission under the spotlight in multi-occupancy property insurance review
The regulator’s survey includes asking if brokers have a bribery and corruption policy and a request for a copy.
Review of the year: August 2017
Losses at Ageas Retail, Kanye West, bribery offences and the deal between Allianz and LV hit the headlines in August.
Ex-Aviva employee gets two year suspended sentence for bribery offences
The woman was found guilty of stealing customer information and also received a compensation order of £4,500.
Hiscox claims market first with bribery offering
Hiscox has launched a combined anti-bribery response, defence and expense insurance product for UK businesses.
Give and take
When does giving or receiving gifts or hospitality become bribery? Jill Hambley explains