- link Copy URL - [ Share on X ](https://twitter.com/intent/tweet?text=Let's Not Forget About Antitrust Compliance https://www.3blmedia.com/markdownify/node/54582?absolute=1&via=3blnews "Share on X") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/54582?absolute=1 "Share on Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/54582?absolute=1 "Share on Facebook") - [ email Share via email ](mailto:?subject=Let's Not Forget About Antitrust Compliance &body=ESG News from Source Intelligence® https://www.3blmedia.com/markdownify/node/54582?absolute=1 "Share via email") [Corporate Responsibility](/categories/corporate-responsibility) # Let's Not Forget About Antitrust Compliance Feb 2, 2015 2:15 PM ET With so much focus on topics such as corruption, there are other areas of concern that can lead up or even work along side the corruption problem. With increased competition in a global market, companies have been able to find ways to work together in a closed-door fashion. The problem here lays on the mistreatment of consumers when companies band together to sell their services or products at an “agreed” rate. Consumers benefit with free market and open competition, as this would lead to better products, better service, and lower prices. When competitors agree to fix prices, rig bids, or allocate customer or sales territories, the result leads to mush higher prices for goods and services. Although corruption is a growing issue for global brands in global markets, anti-trust issues can create a corruption like atmosphere as competitors find ways to work with each other while still generating large amounts of profit. In the an article written by Richard Cassin [“Don’t Forget Antitrust Enforcement”](http://www.fcpablog.com/blog/2015/1/29/dont-forget-antitrust-enforcement-and-compliance.html) he explains, although corruption is a hot button issue for many companies and government agencies around the world, antitrust still remains a problem. The DOJ just announced the total dollar amount collected from 2014, and it has reported have collected $1.86 billion in criminal fines and penalties. Reporting a statistic such as this could only mean one thing; antitrust compliance is still a big need in global business. > “The size of these penalties is an unfortunate reminder of the powerful temptation to cheat the American consumer and profit from collusion,” As the Securities and Exchange Commission and the Department of Justice continue their crack down on corruption, antitrust will also continue to be a focus with companies thinking they can take advantage of the consumer. DOJ antitrust division Chief Bill Baer: > “We remain committed to ensuring that corporations and individuals who collude face serious consequences for their crimes.” On going investigations will lead to more fines with higher dollar amounts. Which leads us to believe that issues like these will not only be looked at, but they will highly investigated in order to keep antitrust and corruption away from global markets. Addressing the risk, managing potential threats, and creating solutions for the modern world are key points that will assist any company trying to avoid this problem. [Click here](http://info.sourceintelligence.com/acton/form/9578/0056:d-0009/0/index.htm) for more information. [![](/sites/default/files/Clients/Source_Intelligence_Vector_Logo.png)](/profiles/source-intelligencer) ### More from Source Intelligence® ###### [Are These 8 Smelters of High Concern Present in Your Supply Chain?](/news/are-these-8-smelters-high-concern-present-your-supply-chain) Apr 7, 2017 2:30 PM ET ###### [Compliance in 2017 - What Are Your Peers Saying?](/news/compliance-2017-what-are-your-peers-saying) Mar 17, 2017 11:50 AM ET ###### [Why Your Company Needs to Address Human Trafficking in Your Supply Chain](/news/why-your-company-needs-address-human-trafficking-your-supply-chain) Mar 16, 2017 2:00 PM ET ###### [Palm Oil in the Spotlight: HSBC Stops Lending to Companies Involved in Deforestation](/news/palm-oil-spotlight-hsbc-stops-lending-companies-involved-deforestation) Feb 27, 2017 1:30 PM ET ###### [Ashton Kutcher’s Testimonial Puts Technology at the Forefront of Combatting Human Trafficking](/news/ashton-kutchers-testimonial-puts-technology-forefront-combatting-human-trafficking) Feb 23, 2017 4:15 PM ET ###### [The Potential Dangers of Palm Oil Consumption](/news/potential-dangers-palm-oil-consumption) Feb 21, 2017 5:15 PM ET ###### [Mitigating and Managing Business Risk in the Middle East: A Challenge for Supply Chain Managers](/news/mitigating-and-managing-business-risk-middle-east-challenge-supply-chain-managers) Feb 17, 2017 5:10 PM ET ###### [5 Steps to Develop a Supply Chain Risk Assessment Process](/news/5-steps-develop-supply-chain-risk-assessment-process) Feb 14, 2017 5:05 PM ET