Press Release

    Statement regarding Commodity Futures Trading Commission order

    Press release

    Olam International Limited (“Olam’’), a leading agri-business operating across the value chain in 65 countries, today announced the settlement of a Commodity Futures Trading Commission complaint. In settling the charges Olam has agreed to pay a fine of US$3.0 million without admitting or denying the allegations of the complaint.

    Olam regards full adherence to the regulatory requirements in all the jurisdictions where it operates as a core principle of its business. Olam cooperated fully with the Commission’s investigation, which identified position limit and exchange-for-physical trading (EFP) violations that resulted from Olam not consolidating the reporting of its US and international cocoa businesses before 2013.

    Stephan Ariyan, Olam’s Chief Compliance Counsel, Market Compliance stated, “As far as Olam is concerned this matter is now settled and we wish to emphasise that there has been no impact on our clients or the market.”


    • Document
      Statement regarding CFTC Order

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