Violation Tracker UK Individual Case

Company: Besso Limited
Current Parent Company: BGC Partners
Penalty: £315,000
Year: 2014
Date: 17 March, 2014
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Besso paid a £315,000 fine in settlement of a finding by the FCA that the company failed to have adequate systems and controls to counter bribery and corruption risks in its general insurance broker business.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: brokerage and financial technology
Source of Data: (click here)