Goldman Sachs fined nearly $126 million in UK for 1MDB failings

Reuters

Published Oct 22, 2020 17:38

LONDON (Reuters) - U.S. banking giant Goldman Sachs (N:GS) has been fined 96.6 million pounds ($126.4 million) by British regulators for risk-management failures in connection with Malaysia's 1MDB corruption scandal.

The Financial Conduct Authority and Prudential (LON:PRU) Regulation Authority said the fines are part of a $2.9 billion globally agreed penalty against the bank.