Brokers urged to check their processes to avoid hefty FCA fines
Brokers have been urged to revisit their controls to ensure they are designed properly and used effectively after JLT Specialty was slammed with its second fine for control failures.
This follows the Financial Conduct Authority fining broker JLT £7,881,700 for financial crime control failings including one instance where JLT allowed bribery of over $3m (£2.46m) to take place.
Ken
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