Willis responds to record £6.9m FSA fine
Insurance broking giant Willis has responded to the Financial Services Authority's (FSA) record breaking £6.895m fine to its subsidiary Willis Limited flagging up that it had been swift to engage with the regulator on the matter.
Willis' fine for failings in its anti-bribery and corruption systems and controls, topped Aon's £5.25m fine in January 2009.
Brendan McManus, chief executive officer of Willis Limited, said the company set very high standards for itself.
He continued: "We will only accept the very best practice in the systems and controls we apply to our operations. We recognise the importance of such measures in assuring ourselves and stakeholders that the risk of wrong-doing is designed out of the way we do
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