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The Malaysian government has reached a RM1.4 billion settlement with JPMorganChase related to the 1MDB scandal. The funds will be deposited into Malaysia's Assets Recovery Trust Account. The agreement resolves all existing and potential claims between the two parties, including withdrawing pending appeals. This follows a Swiss conviction against JP Morgan Suisse for failing to prevent money laundering tied to 1MDB, resulting in a CHF3 million fine.
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