JPMorgan agrees to pay Malaysia $330 million to settle 1MDB claims Reuters https://www.reuters.com/markets/emerging/jpmorgan-agrees-pay-malaysia-330-million-settle-1mdb-claims-2025-08-22/ JPMorgan Chase has agreed to pay the Malaysian government $330 million to resolve issues stemming from its involvement in the multibillion-dollar 1MDB scandal. This settlement comes as Swiss authorities have simultaneously found the US bank culpable, imposing a fine for its failure to prevent money laundering in connection with 1Malaysia Development Berhad. Investigators from both Malaysia and the US claim that approximately $4.5 billion was misappropriated from 1MDB in a widespread operation between 2009 and 2014. In 2021, 1MDB filed a lawsuit against JPMorgan�s unit, as well as those of Deutsche Bank and Coutts & Co, to reclaim losses incurred by the fund, alleging "negligence, breach of contract, conspiracy to defraud/injure and/or dishonest assistance" by the companies. Court documents revealed that 1MDB was seeking $800 million from JPMorgan (Switzerland) Ltd. US Official Says UK Drops Access Request for Apple Data The Wall Street Journal https://www.wsj.com/tech/u-s-official-says-u-k-drops-access-request-for-apple-data-ea74eda2 The US Director of National Intelligence announced that the UK decided to withdraw its request for access to encrypted data from Apple users in the United States. �The UK has agreed to drop its mandate for Apple to provide a �back door� that would have enabled access to the protected encrypted data of American citizens and encroached on our civil liberties,� Tulsi Gabbard shared in a post on X. Earlier this year, the UK government reportedly asked Apple to create a back door, allowing officials access to encrypted user data stored on iCloud. In response, Apple announced it would cease offering its iCloud Advanced Data Protection service to the UK market. Nigeria steps up crackdown on crypto romance scams Al Jazeera https://www.aljazeera.com/news/2025/8/22/nigeria-deports-60-chinese-39-filipino-convicted-in-crypto-romance-scams Nigeria has deported 102 foreign nationals, including 60 Chinese nationals and 39 individuals from the Philippines, for their convictions related to "cyber-terrorism and internet fraud," as reported by the nation's anti-corruption agency. This announcement from the Economic and Financial Crimes Commission (EFCC) highlights Nigeria's intensified efforts to combat online scams that have deceived victims into investing in fraudulent cryptocurrency ventures through deceptive romantic connections. The deportees were part of a larger group�792 suspected cybercriminals apprehended during a major operation in the prestigious Victoria Island district of Lagos in December, with the EFCC confirming that at least 192 of those detained were foreign nationals.