Hong Kong's Securities and Futures Commission has banned former Goldman Sachs (Asia) partner Tim Leissner from working as a securities and financial adviser in the city for life, in relation to the 1 Malaysia Development Berhad (1MDB) corruption scandal. Tim Leissner, Goldman Sachs's former Southeast Asia chairman, pleaded guilty in August 2018 to criminal charges brought by the United States Department of Justice against him for conspiring to commit money laundering and to violate the Foreign Corrupt Practices Act, the Hong Kong Securities and Futures Commission said in a statement. ...
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