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FSA fines Aon lowest anti-corruption

 

Thursday, Mar 05,2009, 10:58:09 PM   Click:

FSA fines Aon weaker against corruption checks The Associated Press
LONDON_Britain the Financial Services Authority fined insurance broker Aon Ltd 5.25 million pounds ($ 8 million) on Thursday, the weakness of anti-corruption _ the largest such penalty.

The regulator said that London-based Aon has failed "to take reasonable care to establish and maintain effective systems and controls to fight against the risks of corruption and corruption related to payments to foreign companies and individuals. "

In consequence, the company has made various "suspicious payments" totaling approximately $ 7 million, said the FSA.

The regulator noted that Aon has received a discount of 30 percent on the amount of the fine, bringing down from 7.5 million pounds, due to its cooperation with the investigation and an agreement for a settlement.

© Copyright 2009 The Associated Press. All rights reserved. This material May not be published, broadcast, rewritten or redistributed. LONDON_Britain the Financial Services Authority fined insurance broker Aon Ltd 5.25 million pounds on Thursday to weak anti-corruption _ the largest such penalty.

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