News Column

Serious Fraud Office Opens Criminal Investigation Into Forex Rigging

July 21, 2014

Samuel Agini

LONDON (Alliance News) - The UK's Serious Fraud Office Monday said that it has opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market.

A number of authorities and regulators across the world, including the UK'sFinancial Conduct Authority, have been investigating whether there is evidence of manipulation in the USD5.3 trillion-a-day market.

The SFO is an independent government department responsible for investigating and prosecuting serious and complex fraud, bribery and corruption. It is headed by David Green.

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Source: Alliance News

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