Competition watchdog in tie-up with FBI to fight cartels

Australia’s competition watchdog has entered an agreement with the United States’ Federal Bureau of Investigation to strengthen their work combating cartels and other anti-competitive behaviour.

The memorandum of co-operation allows the Australian Competition and Consumer Commission and the FBI to exchange expertise and staff for the detection, investigation and prosecution of criminal competition offences.

ACCC chairman Rod Sims says its relationship with the FBI has deepened in recent years.Credit:Dominic Lorrimer

ACCC chairman Rod Sims said its relationship with the FBI had deepened in recent years, and there were “significant benefits” for the ACCC in learning the techniques and approaches the US law enforcement agency took to cartel and competition law investigations.

“The future co-operation between the FBI and the ACCC to detect and deal with criminal cartel conduct will be very important to us,” he said.


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