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Fraud Intelligence

JLT Speciality fined UK£7.9m by regulator over bribery control failings in reinsurance broking

London-based JLT Speciality Limited (JLTSL) is to pay a UK£7,881,700 penalty to the UK Financial Conduct Authority (FCA) after a group entity used bribes to secure reinsurance broking business in a jurisdiction rated high for corruption risk. [1]

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