LONDON: British regulators fined Goldman Sachs International 96.6 million pounds ($126 million) on Thursday as part of global action that will see the U.S. bank pay nearly US$3 billion to settle a probe into its role in Malaysia's 1MDB corruption scandal.
"There is no amnesty for firms that tackle financial crime poorly, and the size of GSI's fine reflects that," Mark Steward, executive director of enforcement and market oversight at Britain's Financial Conduct Authority, said in a statement.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!