1MDB – Regulatory Report

What's up

[ June 29, 2026 ] One outsider, one 42-year veteran, named to senior positions for IT, large bank supervision at national bank regulator OCC
[ June 19, 2026 ] Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses The Fed
[ June 18, 2026 ] Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers FDIC
[ June 17, 2026 ] Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t) OCC
[ June 18, 2026 ] OCC bars 2 from banking work; terminates 3 previous orders of enforcement OCC

Goldman Sachs fined $154 million by Fed over failures that allowed scheme against 1MDB to proceed

October 22, 2020 0

Failures in oversight, internal controls, and risk management that prevented Goldman Sachs Group, Inc., from detecting a “far-reaching” fraud scheme among its own employees and others against its client 1Malaysia Development Berhad (1MDB) drew a […]

One outsider, one 42-year veteran, named to senior positions for IT, large bank supervision at national bank regulator

June 29, 2026 0

Two senior personnel changes were made at the national bank regulator, the agency said Monday, overseeing its information technology (IT) policies and personnel in one position and large and foreign bank operations in the other. The Office of the Comptroller [...]
Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses

June 19, 2026 0

“Imprudent” loans made to the relatives of an Oklahoma bank CEO have led to his prohibition from future bank employment and a fine of $125,000, the Federal Reserve said Thursday. According to the Fed, it has prohibited Thomas Engelbrecht from [...]