After Goldman Sachs, JPMorgan Chase (JPM.US) has agreed to pay $330 million to Malaysia to settle the 1MDB fraud case.

According to the market and finance app, the Malaysian government announced on Friday that JPMorgan has agreed to pay Malaysia RM 1.4 billion (approximately $330 million) to settle all claims related to 1MDB. 1MDB is a sovereign wealth fund that was involved in the world's largest financial fraud case. This settlement will end all risks associated with this scandal that was exposed in 2015 for the American bank.