
A meaningful punishment for a major financial crime?
In October, the U.S. Department of Justice announced a landmark settlement with banking giant Goldman Sachs over its participation in a bribery scheme that syphoned hundreds of millions from Malaysian public coffers. The bank agreed to pay nearly $3 billion to authorities in multiple countries, and agreed to have its Malaysian subsidiary plead guilty in a Brooklyn (New York) court to conspiring to violate U.S. bribery laws.
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