Failure to comply with regulation on governance and oversight of a wide range of activities has led to a fine of £9,695,000 ($10,855,152) for MS Amlin Underwriting Limited (MSAUL). The UK’s Prudential Regulation Authority (PRA) imposed the fine for failings that took place between September 1, 2014 and December 31, 2019.
“It is vital that
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