JPMorgan's $330 million payout will contribute to Malaysia's Assets Recovery Trust Account and comes "without admission of liability" from the bank. As part of the settlement, JPMorgan and Malaysia will withdraw all pending appeals connected with the lawsuit. JPMorgan stated, "We appreciate the collaboration with the Malaysian government in resolving past matters related to 1MDB, which have been thoroughly reviewed. Since then, we've enhanced our controls, earning the trust of regulators in Switzerland and beyond." Similarly, in December 2024, Deutsche Bank's broker-dealer subsidiary, Deutsche Bank Securities Inc., was hit with a $4 million penalty by the Securities and Exchange Commission. The fine was levied due to Deutsche Bank's failure to promptly file certain Suspicious Activity Reports as mandated by the Bank Secrecy Act. These rules are issued by the U.S. Department of the Treasury's Financial Crimes Enforcement Network.