Cade General Superintendence recommends conviction of offshore exchange cartel

News Competition Sanctions & Fines

Date: 9th Apr, 2025 Source: Administrative Council for Economic Defense (CADE) Country: Brazil Original Source

Brief

On 09/04/2025, the Administrative Council for Economic Defense (CADE) issued an update regarding "Cade General Superintendence recommends conviction of offshore exchange cartel". CADE concluded its investigation into cartel formation in the offshore foreign exchange market and recommended the conviction of six financial institutions and six individuals. The analysis followed international authorities' parameters, leading to the collection of evidence and signatures on nine Terms of Commitment to Cessation (TCCs) agreements.

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Administrative Council for Economic Defense (CADE)

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Cade General Superintendence recommends conviction of offshore exchange cartel

Brief

Administrative Council for Economic Defense (CADE)

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Cade General Superintendence recommends conviction of offshore exchange cartel

Brief

Administrative Council for Economic Defense (CADE)

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