UK FSA fines Willis £6.9 million for anti-bribery failings

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The UK Financial Services Authority (FSA) has fined Willis, the insurance brokerage, £6.9 million for failings in its anti-bribery and corruption systems and controls. "The involvement of UK financial institutions in corrupt or potentially corrupt practices overseas undermines the integrity of the financial services sector," the FSA said in a statement.

The FSA also said the failings created an unacceptable risk that payments made by Willis to overseas third parties could be used for corrupt

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