FCA Fines Besso Limited for Anti-Bribery and Corruption Systems Failings

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The Financial Conduct Authority (FCA) has fined Besso Limited, an independent management owned general insurance broker in the Lloyd’s Broking group, £315,000 for a failure to take reasonable care to establish and maintain effective systems and controls for countering the risks of bribery and corruption. Press Release.

Topics:  Anti-Bribery, Anti-Corruption, Compliance, Corruption, FCA, UK

Published In: Business Torts Updates, Finance & Banking Updates, Insurance Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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