FCA fines JLT Specialty £7.8mn for financial crime control failings
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

FCA fines JLT Specialty £7.8mn for financial crime control failings

Rachel Dalton
June 22, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
fca_financial_conduct_authority_logo_bogota_colombia_2022.png

The UK Financial Conduct Authority (FCA) has fined JLT Specialty £7.8mn ($9.5mn) for financial crime control failings, which in one circumstance allowed a bribe of more than $3mn to take place.

The business, which is now part of Marsh McLennan, placed business in the London reinsurance market for JLT Re Colombia, which had been introduced by a Panamanian third party.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

RegulationNews
rachel dalton 2024 ii red 2.png
Rachel Dalton
Lead Reporter
Contact
Gift this article