Treasury Proposes Rule to Sever Swiss Bank MBaer’s Access to U.S. Financial System
Report by U.S. Department of the Treasury The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule that, if finalized, would sever MBaer Merchant Bank AG (MBaer’s) access to the U.S. financial system as a result of its financial support to illicit actors linked to Russia and Iran. If finalized, the […]