Organisation: Standard Chartered

Second bank breaks rank in South African forex cartel probe

South Africa’s Competition Tribunal has approved a €2.1 million settlement agreement between Standard Chartered Bank and the Competition Commission after the former confessed to rigging foreign exchange rates.

15 November 2023

South Africa wins forex jurisdiction battle again

South Africa’s Competition Tribunal has refused to strike out over a dozen banks from the national enforcer’s forex cartel case for a second time, ruling that the agency has jurisdiction to fine foreign banks with no local presence for participating in a price-fixing conspiracy.

31 March 2023

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