Under the settlement, the lender will – “without admission of liability” – contribute the sum to Malaysia’s Assets Recovery Trust Account, according to a statement today.

That came as Switzerland’s Attorney General announced it had fined JPMorgan’s Swiss unit CHF3 million (US$3.7 million) for its part in enabling the laundering of funds misappropriated from 1MDB.

The Attorney General’s office sentenced the bank “for failing to take all reasonable and necessary organisational measures to prevent acts of aggravated money laundering”.

“The fine relates to payments including 34 overseas transfers for a total of around CHF174 million that took place between October 2014 and July 2015,” the Swiss authorities said.

The 1MDB investment fund became the centre of a scandal that spawned probes across continents, with stolen funds estimated to have exceeded US$4 billion.

Investigations led to the imprisonment of ex-Goldman Sachs Group Inc executives and a former Malaysian prime minister.

Malaysian financier Jho Low remains a fugitive.

“We appreciate the collaboration with the Malaysian Government in resolving past matters related to 1MDB, which have been thoroughly reviewed,” JPMorgan said in a statement.

“Since then, we’ve enhanced our controls,” it added.