SEC Closes Swedbank AML Inquiry without Penalty
The U.S. Securities and Exchange Commission has officially closed its 6-year investigation into Swedbank’s anti-money laundering (AML) efforts without imposing an enforcement action.
Oversight
JPMorgan to Pay $330 Million to Resolve 1MDB Case in Malaysia
JPMorgan Chase will pay $330 million to the government of Malaysia to settle claims that it facilitated the processing of $800 million in fraudulent transactions linked to the looting of Malaysia’s sovereign wealth fund, 1MDB.