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UK Serious Fraud Office to launch forex market manipulation probe
The UK’s Serious Fraud Office (SFO) is reportedly planning to launch the criminal investigation into alleged manipulation of the $5.3trn-a-day foreign-exchange (forex) market. Unnamed sources with the knowledge of matter were quoted by The Financial Times as saying that SFO was collecting intelligence over possible forex rigging during the past few months, and is likely to announce a formal investigation before the month end. Any SFO announcement follows increasingly frequent information-sharing meetings with the Financial Conduct Authority (FCA), the sources added. FCA is among several global regulators that have ... (full story)
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