Goldman summoned by New York bank regulator over 1MDB bond sales.
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New
York's top banking regulator asked
Goldman Sachs Group Inc to supply more information about its work for a Malaysian investment fund amid investigations into whether any money laundering, sanctions violations or other misconduct occurred.
PHOTO: REUTERS
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[NEW YORK] New York's top banking regulator asked Goldman Sachs Group Inc to supply more information about its work for a Malaysian investment fund amid investigations into whether any money laundering, sanctions violations or other misconduct occurred.
Maria Vullo, the head of New York's Department of Financial Services, asked in a letter Thursday for a meeting with bank officials by the end of the month. She said she wants updated information on due diligence the bank performed for the transfer of proceeds from three bond offerings it underwrote for 1Malaysia Development Bhd.
Other areas of interest include the timing of disclosures, data on bond trading and transactions, and documents on coupon and interest payments, the letter shows...
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