The MOC provides for the exchange of expertise and staff between the two agencies to enhance work in the detection, investigation and prosecution of criminal competition offences.
The agreement was signed in Washington, DC, by ACCC executive general manager Marcus Bezzi and follows a visit to the FBI headquarters by ACCC chair Rod Sims and Bezzi in March this year.
Sims said the MOC recognised and built on the growing relationship between the ACCC and the FBI.
"There are significant benefits for ACCC staff and the agency more broadly in learning about the techniques and approaches of the FBI in cartel and other competition law investigations. The future co-operation between the FBI and the ACCC to detect and deal with criminal cartel conduct will be very important to us.”
“Combatting anti-trust is critical to both the US and Australian economies, and vigorous investigative cooperation is vital in detecting and eliminating antitrust conspiracies,” said Section Chief J.J. Jimenez of the FBI’s Criminal Investigative Division.
“The FBI is proud of its relationship with the ACCC, and this memorandum of cooperation codifies that relationship and provides opportunity for increased information- and resource-sharing as we work toward a common goal in preventing anti-competitive behaviour.”
The ACCC says the MOC complements an existing inter-governmental agreement between Australia and the United States, which allows for in-depth co-operation between the ACCC and various competition law enforcement bodies in the US.