The FSA's fight against corruption
Lawyers Lista Cannon and Ian Pegram look at the lessons from recent UK corruption cases
The UK Financial Services Authority’s (FSA) £6.9 million fine of insurance broker Willis in July marks the latest step in the regulator’s efforts to combat corrupt activity in the financial sector. In particular, the FSA’s reasoning provides important guidance on how it will take strong action against firms that fail to take reasonable care to implement and monitor systems and controls to limit
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