The U.S. Department of Justice’s crackdown on rate-rigging by banks turned 2015 into a record-setting year for cartel fines, according to a report released on Thursday. And 2016 could be another big year for cartel enforcement, with the DOJ already pursuing several big cases and setting its sights on new industries.
In its “2015 Global Cartel Enforcement Report,” Morgan, Lewis & Bockius noted that U.S. antirust regulators collected a record-setting $3.8 billion in cartel fines in 2015. That’s “more than twice the previous high and more than three times greater than fines issued in 2014,” the firm writes.
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