JPMorgan Chase has agreed to pay the Malaysian government $330 million, or about 1.4 billion ringgit, to resolve all current and future civil claims linked to the 1Malaysia Development Berhad scandal. The bank said the money will be transferred to Malaysia’s 1MDB Assets Recovery Trust Account, and both sides will withdraw outstanding litigation, including an $800 million suit brought in Kuala Lumpur against JPMorgan’s Swiss unit. The accord, reached without any admission of liability, comes as Switzerland’s Attorney General separately fined JPMorgan’s Swiss subsidiary 3 million Swiss francs for anti-money-laundering control failures tied to the same affair. Swiss prosecutors found the bank did not take all necessary organisational measures to prevent aggravated money-laundering involving two oil-company executives convicted last year of embezzling more than $1.8 billion from 1MDB. The 1MDB fraud, which investigators in Malaysia and the United States say siphoned at least $4.5 billion from the state fund between 2009 and 2014, has ensnared global banks and toppled political leaders. Malaysia’s finance ministry says it has recovered roughly 29.7 billion ringgit ($7 billion) through settlements with financial institutions including Goldman Sachs and Deloitte since 2020. Former Prime Minister Najib Razak, who set up the fund, was jailed in 2022 for related corruption and money-laundering offences.