On October 22, 2020, the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) announced the coordinated $2.9 billion resolution of a Foreign Corrupt Practices Act (FCPA) enforcement action against The Goldman Sachs Group, Inc. (Goldman Sachs). The settlement is the largest in FCPA history and stems from Goldman Sachs' involvement in the 1Malaysia Development Berhad (1MDB) massive bribery scandal, first introduced in our January 2019 alert.