i-law

Insurance Regulation & Accounting

Aon bribery fine sparked internal reviews, FSA

Commercial insurance brokers have been warned that the regulator has identified several areas of concern and weaknesses in anti-bribery and corruption measures. The Financial Services Authority (FSA) launched a review of brokers’ systems and controls late in 2008 and in an interim report of its findings the FSA said it has identified several common issues of concern.

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