Basic Search  |  Summaries  |  Advanced SearchPenalty: £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)