The Financial Services Authority’s £5m fine of AON for its weak anti-bribery regulations represents a watershed in the UK’s fight against bribery
In January 2009, the Financial Services Authority (FSA) took its first anti-bribery enforcement action by fining insurance broker AON £5.25m. The FSA’s fine came on the back of a finding that AON had failed to establish and maintain effective systems and controls to counter bribery and corruption risks, in breach of principle three of the FSA’s Principles of Business.
