Goldman to Face New York Bank Regulator Over 1MDB Bonds

The video discusses Goldman Sachs' involvement in the 1MDB scandal, where billions were allegedly misused for money laundering. It explores the regulatory and legal challenges faced by Goldman, the cooperation among international regulators, and the potential consequences if Goldman is found liable. The video also compares the 1MDB case with other sovereign wealth funds, highlighting issues of transparency and corruption.

What was the primary role of Goldman Sachs in the 1MDB fund?

• They were the main investors.

• They were the auditors of the fund.

• They underwrote several billion dollars of bonds.

• They managed the fund's daily operations.

What has improved in recent years regarding global investigations?

• The speed of investigations has slowed down.

• The relationships between international regulators and prosecutors.

• The focus has shifted away from financial crimes.

• The number of investigations has decreased.

What could be a potential violation if Goldman Sachs failed in their due diligence?

• The Sarbanes-Oxley Act

• The Foreign Corrupt Practices Act

• The Dodd-Frank Act

• The Bank Secrecy Act

What is a characteristic of sovereign wealth funds?

• They are primarily based in the United States.

• They are run by countries and often lack transparency.

• They are private corporations.

• They are highly transparent.

What was one of the alleged uses of the misappropriated 1MDB funds?

• Building new schools in Malaysia

• Financing the movie 'The Wolf of Wall Street'

• Investing in renewable energy projects

• Donating to international charities