Last week, one of London’s oldest insurance brokers, Willis Limited (“Willis”), was fined by the UK Financial Services Authority (“FSA”) for failing to counter the risks of bribery and corruption. The £7 million penalty was handed down to Willis in the FSA’s Final Notice (PDF/80.3KB/24 pages) on 21 July 2011. Conduct From 2005 to 2009, … Continue Reading
Whilst we await the coming into force of The Bribery Act 2010 (“Act”) with baited breath, in the meantime, it is interesting to see the attempts to change the scope of the Act. There has also been no shortage of various interest groups calling for a delay in the Act’s implementation to allow them to … Continue Reading
