Irish competition watchdog gets more teeth today as new law takes effect
![Irish competition watchdog gets more teeth today as new law takes effect Irish competition watchdog gets more teeth today as new law takes effect](/cms_media/module_img/7544/3772132_16_articlesmall_1387195_1387195.jpg)
Under the Competition (Amendment) Act 2022, the CCPC can issue civil fines of up to €10m, or 10% of a firm’s global turnover, for breaches of Irish and EU competition law. Picture: Simon Dawson/Bloomberg
The Competition and Consumer Protection Commission (CCPC) can now issue civil fines of up to €10m, or 10% of a company’s annual worldwide turnover, for breaches of Irish and EU competition law under the Competition (Amendment) Act 2022.
![CCPC chairman Brian McHugh: 'The substantial financial penalties that are now available to the CCPC will be an essential deterrent when tackling white-collar crime, including cartels.' File picture CCPC chairman Brian McHugh: 'The substantial financial penalties that are now available to the CCPC will be an essential deterrent when tackling white-collar crime, including cartels.' File picture](https://www.irishexaminer.com/cms_media/module_img/7544/3772144_15_articleinline_mj2209_BrianMcHugh.jpg)