British authorities fined Goldman Sachs for concealing information on the ongoing U.S. investigation

British authorities fined Goldman Sachs for 20 million pounds (31 million U.S. dollars) for withholding information held in the United States with respect to the investigation of a U.S. bank, reported Itar-Tass Broadcasting Corporation BBC.

According to her, the Financial Supervisory Authority (UFN), the UK decided in such a way to punish Goldman Sachs for being silent about the bank filed against him in U.S. civil lawsuit based on allegations of fraud brought against him in April, the Federal Commission on Securities and SEC. Goldman Sachs agreed in July to pay the U.S. authorities and its customers a fine of 550 million dollars, but for some reason, without notifying the British authorities.

The fine brought by the Office of Financial Supervision Goldman Sachs, considered one of the largest in the history of UFN, reported BBC. Neither the bank nor the administration had no immediate comment on the information fine.