A year on, still no high-profile prosecutions
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More Corruption articles
The FSA has fined insurance brokerage Willis £6.9 million for failures in its anti-bribery and corruption systems and controls relating to payments to overseas third parties
UK laws and public pressure putting spotlight on anti-corruption issues
UK regulators could use documentation provided to US counterparts as evidence of facilitation payments
Kroll chair, Tommy Helsby, says firms should already have most systems in place and implementing better procedures will benefit businesses
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future