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Podcast: Corruption Crime & Compliance
Episode: Episode 166 -- The Goldman Sachs FCPA Settlement for Nearly $3 Billion
Description: The Justice Department finally closed out its investigation of Goldman Sachs’ massive bribery scheme involving Malaysia’s 1MDB fund. The case is now the largest in US FCPA history (based on its payment to DOJ and related US agencies).
Goldman Sachs entered into three-year deferred prosecution agreement (“DPA”) with the filing of a criminal information charging conspiracy to violate the anti-bribery provisions of the FCPA. At the same time, Goldman Sach’s Mayalaysia subsidiary plead guilty to conspiracy to violate the FCPA.
Under the terms of settlement, Goldman will pay a criminal penalty and disgorgement of just over...