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US threatens to cut off Swiss bank from financial system over alleged Iran, Russia ties
The Hill
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Published about 16 hours ago

US threatens to cut off Swiss bank from financial system over alleged Iran, Russia ties

The Hill · Feb 26, 2026 · Collected from RSS

Summary

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...

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