The FCA has published a webpage with a list of countries considered high risk in relation to the FCA’s financial crime objectives, which are linked to tackling money laundering, sanctions systems and controls, terrorist financing, and bribery and corruption. The publication comes after the FCA was forced by a Freedom of Information Act request to release the […]

The FCA has recently fined Besso Limited, a general insurance broker, £315,000 (reduced from £450,000 for early settlement) for failing to have proper systems and controls in place to counter the “unacceptable risk” that commissions it shared with third parties could be used for corrupt purposes. The FCA has made it clear that ensuring brokers […]