Goldman Sachs To Pay More Than $2.9B To Settle FCPA Charges

Mealey's (October 22, 2020, 5:08 PM EDT) -- BROOKLYN, N.Y. — The Goldman Sachs Group Inc. on Oct. 22 admitted to conspiring to violate the Foreign Corrupt Practices Act (FCPA) for its role in a more than $1 billion bribery scheme involving officials from Malaysia and Abu Dhabi in exchange for business dealings favoring Goldman Sachs, according to documents filed in New York federal court (United States v. Goldman Sachs Group Inc., No. 20-cr-437, and United States v. Goldman Sachs [Malaysia] Sdn. Bhd., No. 20-cr-438, E.D. N.Y.)....