22 Jun 2022

United Kingdom Financial Regulator (FCA) fines insurance broker JLT Specialty Limited £7.8m for financial crime control failings.

On June 22nd, 2022, “The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) £7,881,700 for financial crime control failings, which in one instance allowed bribery of over $3m to take place. The FCA found that JLTSL failed to manage their business and risks responsibly and effectively.”

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