Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Derivatives Regulator Uses Dodd-Frank Rule to Target Foreign Bribery

December 22, 2020, The Wall Street Journal

Anne Termine spoke with The Wall Street Journal about the CFTC’s enforcement actions against Vitol, a Swiss energy firm for bribery misconduct. The Vitol settlement lays the legal foundation for future foreign corruption cases by the CFTC. While the CFTC doesn't have statutory authority to enforce antibribery laws directly, the case introduces a theory for how such conduct can lead to the manipulation and defrauding of U.S. derivatives markets. Ms. Termine says, “They've laid out a road map. The first one is critical because you want to lay out for the industry what the thinking on this is, and what the cost for doing it is.”

Share this article: