The Treasury Department on Thursday threatened to cut off MBaer Merchant Bank AG’s access to U.S. financial institutions over the Swiss bank’s alleged ties to sanctioned Iranian and Russian actors. The Treasury Department accused MBaer and its employees of enabling corruption linked to Russian money laundering, as well as money laundering and terrorist financing on…
US threatens to cut off Swiss bank from financial system over alleged Iran, Russia ties
The Treasury Department on Thursday threatened to cut off MBaer Merchant Bank AG’s access to U.S. financial institutions over the Swiss bank’s alleged ties to sanctioned Iranian and Russian actors. The Treasury Department accused MBaer and its employees of enabling corruption linked to Russian money
Last updated: April 4, 2026, 6:16 AM
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