A PYMNTS Company

Colombia: New incentives for antitrust whistleblowers

By  |  August 11, 2015

A new bill presented to Colombia’s congress will seek to deter anticompetitive practices by strengthening the current investigative and retribution capabilities of regulators. Among the most prominent lie recommendations to improve the benefits awarded for voluntarily collaborating with authorities.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The initiative, which adopts a series of recommendations by the OECD group of countries, would seek to deter monopolistic practices by providing judicial security and protecting the confidentiality of any whistleblowers who come forward with information regarding competition violations they have participated in. However, once competition regulators issue a ruling on the matter, the whistleblower’s existence and identity would be revealed.

    Additionally, whistleblowers would be elegible to receive a series of benefits for informing regulators of non-cartel competition violations, such as full immunity from penalties.

    Source: Ambito Juridico

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.