Securities regulators have barred a former partner at Goldman Sachs from working in the industry more than a year after he pleaded guilty to helping orchestrate the looting of billions of dollars from a sovereign wealth fund in Malaysia.

The banker, Tim Leissner, did not contest the penalty in reaching a civil settlement announced Monday by the Securities and Exchange Commission.

The agreement does not impose any new monetary penalty above the $43.7 million that Mr. Leissner agreed to forfeit when he pleaded guilty to money laundering and foreign bribery charges for his role in a scheme to siphon off most of the $6.5 billion raised for the 1Malaysia Development Berhad, known as 1MDB.

The claims raised by the commission are largely similar to the accusations brought by prosecutors in Brooklyn, where Mr. Leissner pleaded guilty in August 2018. Prosecutors said Mr. Leissner, who is married to the model and fashion designer Kimora Lee Simmons, helped loot funds from a series of bonds that Goldman Sachs helped the fund sell.