Hong Kong fines Goldman Sachs Asia $350 million over 1MDB

HONG KONG (Reuters) – Hong Kong’s markets watchdog on Thursday fined Goldman Sachs’s Asian business $350 million for its role in Malaysia’s 1MDB scandal, the largest single fine ever levied by the regulator in the Asian financial hub. The Securities and Futures Commission (SFC) said serious lapses and deficiencies in management controls at Goldman Sachs …

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