CRIMINAL PROBE INTO FOREX MARKETS
The Serious Fraud Office (SFO) today confirmed it has launched a criminal inquiry into the alleged rigging of foreign exchange (forex) markets.
The investigation into whether traders benefited from the manipulation of benchmark forex prices comes amid an existing probe by Britain's financial watchdog.
The Financial Conduct Authority (FCA) said in October it had joined other regulators around the world in scrutinising firms over the potential manipulation of the £3 trillion-a-day forex market.
The SFO said in a brief statement: "The director of the Serious Fraud Office has today opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market."
