Antitrust Antitrust

NatWest Markets settles forex cartel probe in Brazil

By Ana Paula Candil and Caio Rinaldi
  • 12 May 2021 19:11
  • 12 May 2021 19:33
NatWest Markets Plc, formerly Royal Bank of Scotland, has agreed to pay 7.02 million reais ($1.32 million) to settle a Brazilian cartel investigation into foreign exchange operations.
In July 2015, the Administrative Council for Economic Defense, or CADE, placed several international banks — including Royal Bank — under scrutiny based on

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Ana Paula Candil

Senior Correspondent, Latin America


Ana Paula joined MLex in Brazil in 2014 writing about antitrust investigations and merger reviews. Prior to that, she worked for several trade publications and in TV. She lived in Washington DC, where she worked for Al Jazeera English in 2010. She studied journalism and holds a postgraduate diploma in International Business Management from the George Brown College in Toronto and a Master of Business Administration diploma in government relations from Fundação Getúlio Vargas (FGV).

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