Subject to Inquiry

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Tag Archives: “Willis Limited”

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation March 31, 2014

Besso Limited fined by the FCA for anti-bribery systems failings

The Besso case reflects our own experience that there are still many small and medium sized companies who have still not taken, four years after the Bribery Act was enacted, the far-reaching provisions of the Bribery Act sufficiently seriously.… Continue Reading

Anti-Bribery and Corruption, Compliance, Enforcement and Prosecution Policy and Trends, Financial Institution Regulation July 22, 2011

UK Financial Services Authority fines Willis Limited, insurance brokers, for failures in its anticorruption compliance programme – some sobering lessons for all companies

So, another large insurance broker has been publicly criticised and fined. According to the FSA, this was avoidable as Willis knew what they had to do in terms of compliance and they knew the risks to their business in relation to bribery and corruption, but it appears that their compliance was inadequate in several different respects… Continue Reading

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