Legal Chiefs See Compliance Warning In Goldman FCPA Case

Law360 (October 29, 2020, 7:59 PM EDT) -- Goldman Sachs' record FCPA settlement for its role in a $1.6 billion bribery scheme should serve as an example of what happens when red flags by a company's compliance department are ignored, while also underscoring the need for better training and more resources for the compliance team.

That was the opinion of speakers at an anti-bribery virtual forum Thursday, sponsored by Trace International, a business association with over 500 members focused on fighting corporate corruption.

The Goldman Sachs Group Inc. agreed on Oct. 22 to pay a U.S. record settlement of $2.9 billion, sign a deferred prosecution agreement and have a...

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