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Focus on insurance brokers: FSA final report on brokers’ anti-bribery and corruption controls

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • May 24 2010

The FSA has published its final report on anti-bribery and corruption in commercial insurance broking which concludes that the approach of broker firms to higher risk business with third parties has been too informal, with many brokers failing to apply a risk-based approach to anti-bribery and corruption in practice