White-Collar Crime - Caught in the act
The implementation of the Enterprise Act 2002 has led to a change in the moral climate of antitrust enforcement in the UK and raised the threat of jail for offenders. Simon Taylor and Jason Mansell assess the implications for senior management
On 20 June 2003, the provisions of the Enterprise Act 2002 creating a criminal cartel offence will come into force. Recent cartel decisions of the Office of Fair Trading (OFT) under the Competition Act 1998 have been costly to the firms involved – Argos and Littlewoods were fined almost £23m for toy price-fixing.
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