Glencore compliance monitorships ended early by DOJ

Glencore site

The U.S. Department of Justice (DOJ) ended two compliance monitorships on Glencore International more than a year early, monitorships imposed in 2022 after the company was convicted of paying bribes and manipulating commodities markets.

The DOJ may have chosen to end the two monitorships early because Swiss-based Glencore had hit certain targets in beefing up its compliance program to mitigate long-term problems unearthed in its $1 billion settlement with the DOJ and the Commodity Futures Trading Commission (CFTC).

A Glencore spokesperson told Compliance Week that the DOJ ended the three-year compliance monitorships in March. The mentorships had originally been scheduled to end in 2026.

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