UK: CMA launches “cracking down on cartels” campaign

A major crackdown on cartels in being launched by competition authorities after a rise in illegal business practices such as price fixing.

The Competition and Markets Authority (CMA) has launched its first ever public campaign in a bid to clamp down on activity which distorts competition within industries and often leads to consumers paying more than they might have done in a completely open market.

The body, whose work in this area has focused on compliance training for the business community, is also hoping to raise awareness of what a cartel is in a bid to improve the level of reporting on them to authorities by both individuals who learn of one and early admittance by those involved.

Full Content: Mondo Visione

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