GOLDMAN SACHS INTERNATIONAL

SFC fines Goldman Sachs (Asia) LLC US$350m over 1MDB scandalStatement of Disciplinary Action
SFC, 22-Oct-2020
The record fine, which goes to the HK Government, is about HK$364 for every person in HK. The SDA reveals that GS earned an average 9% on the bond issues, way above market rates, and nobody at GS seemed to think that was suspicious. Makes us wonder who was running the compliance department - but such persons are not SFC-licensed, so beyond the SFC's reach. The settlement doesn't suspend GS from carrying on its business in HK.
US Federal Reserve Board permanently bars Mr Andrea Vella from banking industry
US Federal Reserve Board, 4-Feb-2020
SFC bans Tim Leissner, ex-Goldman Sachs, for life for 1MDB crimes
SFC, 3-Jul-2019

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