Goldman Sachs International has been fined more than £34 million in the UK for failing to provide information to the City watchdog. Goldman Sachs International has been fined more than £34 million in the UK for failing to provide information to the City watchdog. The FCA also found that GSI failed to take reasonable care to organise and control its affairs responsibly in its transaction reporting. These were serious and prolonged failures Mark Steward, FCA “These were serious and prolonged failures” https://www.independent.ie/world-news/goldman-sachs-fined-34m-over-reporting-failures-37960188.html “These were serious and prolonged failures” https://www.independent.ie/world-news/goldman-sachs-fined-34m-over-reporting-failures-37960188.htmlA spokesman for GSI said: “We are pleased to have resolved this legacy matter. The FCA has fined 13 other firms including UBS, Merrill Lynch and Deutsche Bank for transaction reporting breaches.

Source: Irish Independent March 28, 2019 11:15 UTC