Skip to main content


July 5, 2016

1MDB Probe Poses Risks for Goldman Sachs

“Two blocks from the White House, in a century-old stone building once owned by Lehman Brothers, federal prosecutors are probing the activities of Goldman Sachs in Malaysia.

Department of Justice officials are investigating whether the Wall Street bank violated the Bank Secrecy Act in its handling of the proceeds of securities offerings for 1Malaysia Development Berhad (1MDB), a state investment fund embroiled in a long-running scandal over claims of misappropriation, according to people familiar with the probe. Regulators at the Securities and Exchange Commission and the Federal Reserve also are scrutinising the bank’s conduct.”


“Given the DoJ’s slap on the wrists to global banks which violate the BSA, the risk to Goldman is probably a couple billion bucks, which is to say, not much risk at all..”


To read the full Financial Times article by David Lynch, Jeevan Vasagar and Ben McLannahan click here.

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today