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Violation Tracker UK Individual Case

Company: JLT Specialty Limited
Current Parent CompanyMarsh & McLennan
Parent at the Time of the Penalty Announcement: Jardine Lloyd Thompson Group
Recap of Ownership Changes: Marsh & McLennan acquired JLT in 2019.
Penalty: £1,876,000
Year: 2013
Date: 19 December, 2013
Offence Group: consumer-protection-related offences
Offence Type: insurance violation
Violation Description: JLT Specialty paid a £1.8 million 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 insurance broker and risk management services.
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: insurance
Source of Data(click here)