JPMorgan Agrees to Pay $330M to Resolve 1MDB AML Allegations
Key Takeaways JPMorgan agreed to pay 217.4M in transfers handled in Switzerland between 2014 and 2015.The payout goes to Malaysia's Assets Recovery Trust Account, with all appeals withdrawn.JPMorgan (JPM) has agreed to pay $330 million to settle ongoing and potential claims associated with the 1MDB sovereign wealth fund.The settlement was announced as Swiss regulators, in a separate action, found the U.S. bank guilty an ...