×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | Europe | Cartels | Whistleblowers

EU Sets up Encrypted Messaging for Cartel Whistleblowers

Thursday, 16 March 2017 07:38 AM

BRUSSELS (AP) — The European Union's anti-trust watchdog has set up a new system to allow whistleblowers to secretly denounce cartels or companies that might be fixing prices.

The system unveiled Thursday involves encrypted messaging and allows users to send information without forwarding any of the usual metadata that would identify the person.

EU Competition Commissioner Margrethe Vestager said that "inside knowledge can be a powerful tool to help the Commission uncover cartels and other anti-competitive practices."

Most cartels are uncovered by the EU's executive Commission when companies involved in price-fixing and other illicit schemes denounce their partners in exchange for leniency.

The new system will allow whistleblowers to request replies from Brussels and let the Commission request clarification and further details.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union's anti-trust watchdog has set up a new system to allow whistleblowers to secretly denounce cartels or companies that might be fixing prices.The system unveiled Thursday involves encrypted messaging and allows users to send information without forwarding...
EU,Europe,Cartels,Whistleblowers
121
2017-38-16
Thursday, 16 March 2017 07:38 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved