JPMorgan Chase (NYSE:JPM) agreed to pay Malaysia 1.4B ringgit ($330M) to settle all claims relating to 1MDB, the sovereign wealth fund that was the focus of one of the world's largest financial frauds,

Malaysian officials accused the bank of processing $800 million in suspicious transfers from the 1MDB state fund to a bogus business partnership.

JPMorgan Chase & Co. will pay 1.4 billion ringgit ($330 million) to Malaysia to resolve all existing and potential claims relating to the sovereign wealth fund 1MDB, a move that will end its exposure to one of the biggest financial frauds in history.