CMA increases
the value of informant rewards
The Competition
and Markets Authority (CMA) has increased the maximum value of financial rewards
that it will pay to informants who provide the CMA with information about a cartel
from £100,000 to £250,000.
In 2008 the
Office of Fair Trading introduced a policy of paying financial incentives of up
to £100,000 to people who provide information about illegal cartels. The CMA continued this policy.
The grant of an
award and its amount is at the discretion of the CMA. The CMA has stated that
it will pay a reward if the information concerned is significant in nature and
leads to enforcement action by the CMA against those involved in the cartel.
When
considering the amount of the reward the CMA will have regard to factors such
as the value of the information, the amount of harm that the information has
helped to stop, and the effort and risk taken by the informant in providing the
information.
Under the CMA’s
leniency policy a company or individual which confesses its involvement in a
cartel can gain complete civil and criminal immunity from sanctions provided
certain conditions are met. The CMA does
not consider that an individual in such circumstances should ordinarily also
gain a financial reward.
https://www.gov.uk/government/news/blowing-the-whistle-on-cartels
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