Goldman Sachs Fined $126 Million by U.K. Watchdogs for 1MDB Role
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Goldman Sachs Group Inc. will pay $126 million in U.K. penalties for its role in the 1MDB scandal, drawing a line under a years-long investigation into the bank’s involvement with the Malaysian investment fund.
The Financial Conduct Authority and Prudential Regulation Authority said Thursday their fines were part of the $2.9 billion globally-coordinated resolution reached with the bank.