Financial Crime Financial Crime

JLT Specialty sees fine from UK financial watchdog as ending fraud agency probe

By Martin Coyle
  • 22 Jun 2022 17:15
  • 22 Jun 2022 17:15
Insurance broker JLT Specialty believes that its multimillion-pound fine from the UK's financial regulator today means a linked probe by the country's fraud agency has been closed, MLex understands.

The Financial Conduct Authority fined the company 7.8 million pounds ($9.6 million) for a raft of financial-crime failings relating to business in South Americ

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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