Weekly Roundup: 1MDB Case Points to NY Law Firm, JPMorgan to Pay $200 Million for FCPA Violations, and More

Multiple civil asset forfeiture requests filed by U.S. prosecutors Wednesday allege that roughly $370 million of the estimated $3.5 billion embezzled from Malaysia's sovereign wealth fund 1Malaysia Development Bhd. (1MDB) flowed in and out of a trust account held by New York law firm Shearman & Sterling LLP, The Wall Street Journal reported. More Malaysian Prime Minister Najib Razak pledged to cooperate fully with U.S. officials investigating individuals alleged by the complaints to have participated in the theft of 1MDB funds, the Associated Press reported. Hundreds of millions of dollars from the fund were allegedly deposited into accounts tied to...