US threatens to cut off Swiss bank from financial system over alleged Iran, Russia ties
The Hill
by Sophie BramsFebruary 26, 2026
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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Originally published on The Hill on 2/26/2026