Policy and practice of equal importance for FCA compliance
By Andrew Northage In late December 2013, the Financial Conduct Authority (FCA) fined JLT Specialty £1.87m for failings in its anti-bribery controls in relation to overseas introducers that had assisted it to win and retain insurance business. The fine was reduced from more than £2.68m as a result of JLT agreeing to an early settlement. […]