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JPMorgan Agrees to Pay $330M to Resolve 1MDB AML Allegations
ZACKS· 2025-08-25 21:21
Key Takeaways JPMorgan agreed to pay $330M to resolve 1MDB-related allegations tied to money laundering.The penalty involves $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in Switzerland between 2014 and 2015.The payout goes to Malaysia's Assets Recovery Trust Account, with all appeals withdrawn.JPMorgan (JPM) has agreed to pay $330 million to settle ongoing and potential claims associated with the 1MDB sovereign wealth fund.The settlement was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 ...