Compliance & Anti-Financial Crime
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AML, Financial Crime, UK

FCA fines insurance broker £7.8M for FinCrime control failure

By Alisha Houlihan for AMLi

JLT Specialty Limited (JLTSL) has been fined £7.8M (€9M) by the UK’s Financial Conduct Authority (FCA) for financial crime control failures, which led to bribery of over $3M in one case.

Founded in the UK, JLTSL specialises in insurance brokerage, risk management, and claims handling. 

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