UK brokers need to tighten up client money procedures
This is according to insurance industry accountant and consultant Moore Stephens, who said that UK insurance brokers will have to be able to demonstrate that they have put in place properly embedded procedures to deal with handling client money, or else risk losing their regulated status.
Stuart Markley, insurance industry group partner at Moore Stephens, said: “Senior management must be aware of the control procedures for client money which are in place in their firms, and they must
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