Goldman Sachs has pleaded guilty to criminal charges for the first time in its long history.
The bank pleaded guilty Thursday to charges of conspiring to violate anti-bribery laws as it helped Malaysian financiers and leaders siphon money from the country's economic development fund. It will pay $2.9 billion to U.S. authorities, including $1.3 billion to the Justice Department, the DOJ said in a Thursday press conference. That's the largest penalty ever charged under the Foreign Corrupt Practices Act, which bars U.S. companies from bribing foreign leaders, CNN reports.
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