Overview

• JPMorgan agreed to contribute 1.4 billion ringgit (about $330 million) to Malaysia’s Assets Recovery Trust Account without admitting liability.
• The settlement resolves all existing and potential claims related to 1MDB and bars future litigation between the parties.
• Both sides will withdraw pending appeals tied to Malaysia’s 2021 lawsuit against JPMorgan’s Swiss unit in the Kuala Lumpur High Court.
• Switzerland’s attorney general issued a 3 million franc summary fine against JPMorgan Suisse for anti‑money‑laundering failures tied to 34 transfers totaling about 174 million francs from October 2014 to July 2015, with no compensatory claim ordered.
• Authorities say at least $4.5 billion was stolen from 1MDB, with prior prosecutions including convictions of ex‑Goldman Sachs executives and former prime minister Najib Razak, while financier Jho Low remains a fugitive.