Global Investigations Review - The law and practice of international investigations

South Africa prosecutes forex

By Tom Webb

16 February 2017

South Africa prosecutes forex Credit: iStock.com/Ochotnicka

The Competition Commission of South Africa will seek the maximum possible fines from a raft of banks – including HSBC, JP Morgan Chase and Credit Suisse, but not leniency applicant Barclays – for fixing the exchange of US dollars and South African rand.