ALFED backs CMA campaign
The Competition & Markets Authority (CMA) is launching a campaign to encourage more people to come forward with information that will help it hunt out illegal cartels.
Cartels are businesses which cheat their customers by agreeing not to compete with each other so that they can keep their prices high. There are serious penalties for being in a cartel, but many workers in the UK know little about them, putting them and their companies at risk.
The CMA saw a 30% increase in tip offs in 2017, following the launch of the CMA’s first digital campaign.
As part of the new campaign, the CMA is reminding people that, if they come forward with information about their involvement, they can receive significant reductions in fines and avoid being disqualified from running a company. If they are the first to come forward, they can receive total immunity, including from criminal prosecution. Witnesses who blow the whistle can receive a reward of up to £100,000.