In recent years, the Department of Justice (“DOJ”) and the Commodity Futures Trading Commission (“CFTC”) have worked closely to target businesses and individuals for violating the Commodity Exchange Act and other laws. As former senior DOJ and CFTC officials, we expect the agencies to redouble their efforts in this joint initiative in the coming years, continuing to pursue commodity fraud cases with more more attention and intensity. Therefore, companies active in the commodities and derivatives markets need to understand how these agencies work together and their enforcement priorities.
This White paper addresses these questions and offers practical tips for companies to take stock of their compliance programs. Armed with this information, businesses can ensure they are prepared to face the potential for a robust application of civil and criminal cargo fraud by the DOJ and CFTC in the years to come.
Read the entire white paper.
The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.