Goldman Sachs' $165.6m payment not a fine: authorities

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No It was made in response to a conditional warning by the CAD. The Attorney-General’s Chambers (AGC), Commercial Affairs Department of the Singapore Police Force (CAD), and the Monetary Authority of Singapore (MAS) have clarified that the $165.6m (US$122m) payment by Goldman Sachs Singapore is not a fine, as incorrectly stated in several media reports. In a joint statement, the three government bodies said the payment was made in pursuance to a conditional warning by CAD to Goldman Sachs on 22 October. read more