US Fed sanctions former Goldman Sachs bankers over 1MDB money-laundering scandal

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The U.S. Federal Reserve said on Tuesday it has sanctioned former Goldman Sachs bankers for their role in a money-laundering scandal involving ...

WASHINGTON: The U.S. Federal Reserve said on Tuesday it has sanctioned former Goldman Sachs bankers for their role in a money-laundering scandal involving 1Malaysia Development Berhad , Malaysia's state-owned investment fund.

Tim Leissner and Roger Ng have been permanently barred from the banking industry for their involvement in"a scheme that illegally diverts billions of dollars from a Malaysian sovereign wealth fund."Source: Reuters

 

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