FX probes continue despite end to SFO enquiry
FCA, DoJ and City of London Police are still investigating
UK regulators will continue to investigate both individuals and institutions involved in foreign exchange benchmark rigging, despite the Serious Fraud Office's (SFO) surprise decision to drop its criminal probe into allegations of fraudulent conduct.
On March 15, the SFO announced it was discontinuing its enquiry, less than two years after opening it, when allegations of fixing the WM/Reuters benchmark surfaced. The UK watchdog said that "based on the information and material we have obtained,
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