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Violation Tracker UK Individual Case

Company: Goldman Sachs International
Current Parent CompanyGoldman Sachs
Parent at the Time of the Penalty Announcement: Goldman Sachs
Penalty: £48,308,400
Year: 2020
Date: 21 October, 2020
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Goldman Sachs paid a total of £96.6 million in fines to the FCA and PRA in settlement of a finding the company failed to properly assess risks and manage allegations of bribery and misconduct when it arranged three bond transactions with 1MDB, a fund that collapsed with alleged fraud. The fines were part of a $2.9 billion globally coordinated resolution.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data(click here)