Opinion: Tysers' $47mn fine shows broking is not a risk-free game
The eyewatering $46.7mn fine that AUB subsidiary Tysers has agreed to pay to the US Department of Justice (DoJ) serves as a reminder that broking is not without meaningful elements of risk.
The London market firm has been fined after the DoJ found it had engaged in a “scheme to bribe multiple Ecuadorian government officials to earn tens of millions of dollars in illicit profits for themselves and their co-conspirators”.
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