Goldman Sachs agrees to pay more than $2.9 billion to resolve probes into its 1MDB scandal

Goldman Sachs agreed to pay more than $2.9 billion to regulators around the world, including a record penalty for violating a U.S. anti-corruption law, to resolve probes into its role in an international finance scandal, authorities announced Thursday.

Under the deal, Goldman’s parent company avoided a guilty plea in the United States.

The sum includes about $600 million in fee disgorgement that was included in an earlier settlement with the Malaysian government. The $2.9 billion includes individual deals with regulators in the U.S., the U.K., Singapore and elsewhere, the U.S. Justice Department said. Separately, Hong Kong fined the bank a record $350 million for its part in the episode, and most of that figure is excluded from the $2.9 billion total.