A PYMNTS Company

UK: CMA welcomes spike in cartel whistleblowers

By  |  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.

    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.

    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

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