Goldman Sachs CEO defends compliance culture within the organization

Goldman Sachs Chief Executive David Solomon, defended the bank against criticism with regards to compliance and oversight related in their dealings with 1MDB.

He said that, “We believe our culture and our process around due diligence and compliance was strong at that time and is even stronger today”.

He also said that the bank won’t allow the culture to be defined by those who break the rules and do not upload the values the bank holds dear to.

In November the Justice department had brought forward charges against two former Goldman Officials, Solomon said he was personally enraged by this.

Date: 22nd December 2018

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