Management clinic- anti-bribery: Don’t slip up
The FSA has published an anti-bribery and corruption in commercial insurance report. It seems to relate to overseas markets, so does it apply to my firm?
As with many aspects of Financial Services Authority regulation, the key to this one is a proportionate response. Because your firm does not seek overseas business - using third parties to introduce or secure it - you could be excused for thinking that it does not apply to you at all if you read the FSA report. You need to look at the bigger picture, though.
If you look at the FSA's round-up for smaller firms for May 2010, it refers to the report and states: "Although focused on firms involved in
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