Regulation

Aston Scott Group combines the risk management expertise of ASG Risk Management Ltd with the commercial insurance skills of Aston Scott Ltd.

Financial Conduct Authority

Aston Scott Ltd is authorised and regulated by the Financial Conduct Authority (Reg No. 308048).

You can check this on the FCA’s Register by visiting the FCA’s website http://www.fca.org.uk/ or by contacting the FCA on 0845 6061234.

Anti-bribery and corruption policy

Introduction

Aston Scott Group Limited and its subsidiaries value its reputation for professionalism and integrity.

The Group has a zero tolerance of bribery in all our company’s activities including management, employees, introducers, agents or any other associated person.

We define bribery as a payment, benefit or other advantage that is offered, promised, given, accepted or requested; with the intention of encouraging an action that is illegal or a breach of trust.

We wish to do business only with those third parties who share our high ethical standards, and expect all those with whom we do business to maintain appropriate anti-bribery policies and procedures.

Legislation

The Financial conduct Authority (FCA) places on all regulated firms a responsibility to make sure that the firm cannot be used to further financial crime. Bribery is one such crime and its prevention is enshrined in the Bribery Act 2010; which came into force on 1st July 2011.

It is an offence under UK anti-bribery legislation to offer, promise, give, demand or accept cash, a gift or other inducement for an action that is illegal, unethical or a breach of trust. It does not matter whether the bribe is accepted or acted upon, whether the payee or recipient works in the public or private sector; or whether the act takes place in the UK or abroad.

It is also an offence for commercial organisations or those performing services for or on their behalf, to fail to prevent such acts of bribery. Companies are therefore liable for the acts of their employees and agents.

In line with FCA requirements and the Ministry of Justice Bribery Act guidance http://www.justice.gov.uk/downloads/legislation/bribery-act-2010-guidance.pdf, Aston Scott Group Limited has adopted a risk-based approach to bribery.

Review of Policy and procedures

The Group will seek continuously and actively to improve its policy and procedures to limit the risk of exposure to bribery. Regular assessment of risk will ensure the development of comprehensive monitoring and internal control procedures to help mitigate these risks on an ongoing basis.

 

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