
The Federal Reserve Board announced it had fined the Goldman Sachs Group, Inc. $154 Million for the firm's failure to maintain appropriate oversight, internal controls, and risk management with respect to Goldman's involvement in a far-reaching scheme to defraud a Malaysian state-owned investment and development company, 1malaysia Development Berhad (1MDB). For more info visit https://www.federalreserve.gov/newsevents/pressreleases/enforcement20201022a.htm