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UK: CMA welcomes spike in cartel whistleblowers

 |  September 22, 2014

The UK’s Competition and Markets Authority is welcoming a reported boost in the number of cartel whistleblowers approaching regulators with evidence of anticompetitive conduct, say reports.

According to the data, 22 entities contacted the CMA in 2013 with evidence of cartel conduct, compared with 13 in 2012 and 14 in 2011, say reports. The jump suggests the CMA’s leniency program, which offers leniency for companies that partake in a cartel but are first to approach authorities with evidence of the collusion, is working.

Experts also noted that the CMA could more easily crack down on cartels and prosecute their members since legislation changed to remove the need to prove that cartel members were acting dishonestly.

Full content: The Telegraph

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