Switzerland’s attorney general also fined JPMorgan Suisse 3 million Swiss francs over its role in the 1MDB case

JPMorgan Chase will pay $330 million to settle claims that it facilitated transactions in the looting of a Malaysian sovereign-wealth fund, one of the largest financial crimes of the century.Malaysia had sued the bank’s Swiss unit in Malaysian civil court four years ago,

JPMorgan has agreed to pay $330mn to the Malaysian government to settle claims related to its role in the 1MDB financial scandal. In a joint statement with the Malaysian government on Friday, JPMorgan said it would contribute the amount to Malaysia’s Assets Recovery Trust Account “without admission of liability”.