New York Bank Regulator to Examine Goldman's Dealings With 1MDB
- DFS asks bank for details of global probes by next week
- Regulator also wants copies of suspicious activity reports
Goldman Sachs Probed Over 1MDB Fund
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Goldman Sachs Group Inc. is drawing scrutiny from New York’s bank regulator over its fundraising for Malaysia’s embattled 1MDB fund, according to a person briefed on the matter, as questions mount about the bank’s role in the international scandal.
New York’s Department of Financial Services asked Goldman Sachs on Thursday to swiftly report on its internal review of more than $6 billion in bond sales for 1Malaysia Development Bhd., this person said. In a letter, the New York bank regulator also asked Goldman to provide an overview, by June 14, of every investigation in the U.S. and abroad into its work for the fund, which is known as 1MDB.