The U.K. Financial Conduct Authority fined Goldman Sachs International £34.3 million (U.S. $45 million) for failing to provide accurate and timely reporting relating to 220 million transaction reports between November 2007 and March 2017.
“The failings in this case demonstrate a failure over an extended period to manage and test controls that are vitally important to the integrity of our markets,” said FCA Executive Director of Enforcement and Market Oversight Mark Steward. “These were serious and prolonged failures.”
