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Goldman Sachs Reaches $3.9B Settlement with Malaysia

August 5, 2020 by Louis Chunovic

Goldman Sachs Reaches $3.9B Settlement with Malaysia

Goldman Sachs is settling with Malaysia, whose sovereign-wealth fund was looted in the 1Malaysia Development Berhad scandal, the Malaysian sovereign wealth fund better known as 1MDB, to the tune of more than $2.5 billion. It’s the latest episode in the long-running saga of 1MDB, the fugitive financier Jho Low, and the New York City-based multinational… Read More >>

Filed Under: Middle-Office, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: 1 Malaysia Development Berhad, 1MDB, compliance, fines, Foreign Corrupt Practices Act (FCPA), Goldman Sachs, Jho Low, Low Taek Jho, sovereign wealth fund, U.S. Department of Justice

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