By Tom Schoenberg – Oct 29, 2013 9:01 PM PT

wheresmymoneyThe U.S. Justice Department is taking a leading role in a global investigation into possible manipulation of the $5.3 trillion-a-day foreign exchange market, a department official said.

Mythili Raman, acting head of the criminal division, said in an interview yesterday that the department’s criminal and antitrust divisions have an “active investigation” into possible manipulation of foreign exchange rates. She declined to name specific institutions under scrutiny or say when the probe began.

Bloomberg News reported Oct. 11 that the U.S. had begun a criminal investigation of currency-market rigging, according to a person familiar with the matter.

The U.S. is “taking a leading role” in the probe with respect to international enforcers scrutinizing possible exchange rate manipulation, Raman said.

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