Defendant Name: The Goldman Sachs Group, Inc

Defendant Type: Public Company
SIC Code: 6211
CUSIP: 38141G10

Initial Case Details

Legal Case Name In the Matter of The Goldman Sachs Group, Inc.
First Document Date 22-Oct-2020
Initial Filing Format Administrative Action
File Number 3-20132
Allegation Type Foreign Corrupt Practices Act
AAER 4191

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 30A


First Resolution Date 22-Oct-2020
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

34-90243 22-Oct-2020 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On October 22, 2020, the SEC instituted settled cease-and-desist proceedings against The Goldman Sachs Group, Inc. The SEC stated: "This matter relates to a scheme perpetrated by now former senior employees of Goldman Sachs who authorized and paid bribes and kickbacks to government officials in Malaysia and the Emirate of Abu Dhabi ("Abu Dhabi") in order to secure lucrative business for the Company and benefits for themselves. Goldman Sachs violated the antibribery, books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act ("FCPA") in connection with the scheme."
2020-265 22-Oct-2020 Press Release--Administrative Proceeding
SEC Charges Goldman Sachs With FCPA Violations
The SEC "announced charges against The Goldman Sachs Group Inc. for violations of the Foreign Corrupt Practices Act (FCPA) in connection with the 1Malaysia Development Berhad (1MDB) bribe scheme, and as part of coordinated resolutions, it has agreed to pay more than $2.9 billion, which includes more than $1 billion to settle the SEC's charges."

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