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Another US Authority Probes Goldman Sachs On 1MDB Saga - Media
Tom Burroughes
8 August 2016
, for gross misconduct of staff and widespread failings over money laundering controls connected to 1MDB. MAS has also warned it has found serious shortcomings in controls at UBS, Falcon Private Bank, DBS and Standard Chartered. Authorities in Luxembourg and Switzerland have also investigated transactions. In the case of Switzerland, it has frozen certain bank accounts. To see another story concerning Goldman Sachs and other aspects of the case, click here.
At the time of writing, Goldman Sachs has not been accused of authorities of wrongdoing in the 1MDB case. The Malaysian fund, meanwhile, has repeatedly denied charges of corruption against it.