SFC fines Goldman Sachs (Asia) LLC US$350m over 1MDB scandal
SFC
SFC, 22-Oct-2020
The record fine, which goes to the HK Government, is about HK$364 for every person in HK. The SDA reveals that GS earned an average 9% on the bond issues, way above market rates, and nobody at GS seemed to think that was suspicious. Makes us wonder who was running the compliance department - but such persons are not SFC-licensed, so beyond the SFC's reach. The settlement doesn't suspend GS from carrying on its business in HK.
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US Federal Reserve Board permanently bars Mr Andrea Vella from banking industry
US Federal Reserve Board, 04-Feb-2020
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Malaysian financier Low Taek Jho & ex-banker Roger Ng Chong Hwa indicted for conspiring to launder US$ billions in illegal proceeds and to pay hundreds of millions of US$ in bribes in connection with 1MDB
US Department of Justice, 01-Nov-2018
The "New York-headquartered financial institution" is obviously Goldman Sachs.