by BLOOMBERG/ pic by AFP

BSI Bank, which was caught up in the 1MDB scandal, was fined 70 million Swiss francs ($77 million) by Swiss regulators after a higher penalty was tossed out by a court.

The new amount is based on a reassessment of the bank’s income and costs that were “closely linked” to violations of Swiss law, banking regulator Finma said in a statement Thursday.

The global scandal, in which billions of dollars was embezzled and laundered through 1 Malaysia Development Bhd., is back in the news this week as Goldman Sachs Group Inc. is on the verge of a $2 billion settlement with the U.S. Department of Justice for its role in the case.

BSI, which has since been bought by larger rival EFG International AG, said that the new amount will not impact its financial results.

BSI was hit with the original Finma fine in 2016, but last year, Switzerland’s Federal Administrative Court overturned the decision. Judges said that while BSI was responsible for “severe violations” Finma’s methodology for calculating the penalty was flawed.

In addition to the Swiss action, Singapore’s financial regulator stripped the lender of its banking license over its ties to 1MDB.