All goldman sachs articles

  • CollapsingABCSteps

    Analysis: A case study on why following steps on ABC compliance is so important


    If there is an A-Z compliance procedure to follow, don’t stop at X or miss out LMN. Adhere to the procedure and preserve the integrity of your firm and those honest people who work within the rules.

  • GhanaPowerPlant

    Ex-exec charged, but Goldman Sachs avoids FCPA liability for due diligence efforts


    The SEC announced charges against a former Goldman Sachs exec for violating the anti-bribery provisions of the FCPA, but the firm was not charged in the case because of the due diligence measures it took.

  • GoldmanFeature

    SEC bars former Goldman Sachs director over 1MDB scandal


    Former Goldman Sachs Group executive Tim Leissner has settled charges brought by the SEC for alleged violations of the Foreign Corrupt Practices Act. His settlement includes a permanent bar from the securities industry.

  • Money

    DOJ recovers $700M in 1MDB scandal


    Jho Low, a Malaysian businessman-turned-fugitive, has agreed to forfeit more than $700 million worth of assets that he and his family allegedly misappropriated from Malaysian’s sovereign-wealth fund, 1MDB.

  • Article

    Goldman Sachs appoints chief risk officer, new chief accounting officer


    Goldman Sachs disclosed in a securities filing it has appointed both a new chief risk officer and a new principal accounting officer, effective Nov. 4.

  • Article

    AXA hires chief risk officer from Goldman Sachs


    French insurance giant AXA announced the appointment of Renaud Guidée as group chief risk officer, effective September 2019.

  • SFC

    Hong Kong’s SFC bans former Goldman Sachs officer for life


    Hong Kong’s Securities and Futures Commission has banned Tim Leissner, a former participating managing director at Goldman Sachs (Asia), from re-entering the industry in connection with his crimes relating to 1MDB.

  • GoldmanFeature

    FCA fines Goldman Sachs £34.3M for transaction reporting failures


    Compliance officers in the financial services industry can learn a lot from the failings of Goldman Sachs, which was fined £34.3 million (U.S. $45 million) by the U.K. Financial Conduct Authority for failing to provide accurate and timely reporting relating to 220 million transaction reports over a period of a ...

  • /img/field/image/blankfeinhome

    1MDB scandal could result in pay cut for Goldman Sachs’ executives


    Goldman Sachs disclosed in a recent quarterly filing that 2018 equity-based pay awards could be subject to clawbacks depending on the results of governmental and regulatory investigations relating to 1MDB.

  • Columnist_Fox

    Cases that make one wonder about the intent of enforcement


    A close look at FCPA investigations into Danske Bank, Goldman Sachs, and Walmart prompt more questions than answers.

  • Blog post

    Goldman Sachs offers details of 1MDB probe


    Goldman Sachs disclosed has received subpoenas and requests for documents and information from various governmental and regulatory bodies and self-regulatory organizations as part of investigations and reviews relating to financing transactions and other matters involving 1MDB, Malaysian government’s sovereign wealth fund.

  • Blog post

    Will a Goldman partner flip?


    The former head of Goldman Sachs southeast Asia is reportedly in discussions with the Justice Department and will likely plead guilty to federal charges regarding his involvement with the 1MDB corruption scandal. What will his involvement mean for the company, which continues to deny culpability?

  • Blog post

    SEC charges Goldman Sachs VP in insider trading scheme


    The SEC on May 31 charged a Goldman Sachs vice president of investment banking with repeatedly using his access to highly confidential information to place illicit and profitable trades in advance of deals on which the bank was providing investment banking advisory services.

  • Blog post

    AML due diligence for non-financial institutions: the next big thing in compliance?


    What does the 1MDB scandal portend for non-financial companies and anti-money laundering compliance? Plenty, especially if they haven't reviewed their AML policies and procedures in the last 12 months. Tom Fox reports.

  • Blog post

    Fed hits Goldman Sachs over use of supervisory information


    The Federal Reserve Board has ordered Goldman Sachs Group to pay a $36.3 million civil penalty for the unauthorized use and disclosure of confidential supervisory information in presentations to clients and prospective clients. Joe Mont reports.

  • Blog post

    FCPA issues arise at Goldman trial in London


    There is nothing quite like a trial to bring all kinds of information to light that various parties would rather keep out of view. Goldman Sachs is now learning that the hard way in a suit regarding Libya’s sovereign wealth fund that has some serious FCPA implications. Tom Fox reports. ...

  • Blog post

    Former Goldman compliance employee settles SEC insider trading case


    A former Goldman Sachs compliance employee settled his case with the Securities and Exchange Commission to resolve insider trading charges filed against him last year. Judge Valerie Caproni of the U.S. District Court for the Southern District of New York last week entered a final judgment against defendant Yue Han, ...

  • Blog post

    Consumer Group Protests Post-Settlement Tax Breaks


    Goldman Sachs recently announced that it had reached an agreement in principle with the U.S. Department of Justice and others to resolve civil claims relating to the firm’s securitization, underwriting, and sale of residential mortgage-backed securities from 2005 to 2007. The $5 billion settlement has drawn the ire of U.S. ...

  • Blog post

    Succession Planning: A Priority for Bank Chiefs in 2016


    Standard Chartered has scored big by hiring HSBC veteran Simon Cooper to serve as the London-based company’s corporate and institutional banking head but, according to the Financial Times, Cooper’s departure from HSBC may be a sign the exec has grown impatient waiting to take over the British bank’s reigns. Cooper, ...

  • Blog post

    Banks May Get More Time to Prepare for Financial Market Regulation


    The EU is considering delaying the release of a comprehensive regulation that will overhaul financial market rules. The delay comes amid mounting concerns that the legislation’s accompanying technologies may not be ready in time for the January 2017 start date. Due to the complexity of the rule, banks and other ...