{"id":20056,"date":"2026-02-26T17:23:07","date_gmt":"2026-02-26T17:23:07","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/20056\/"},"modified":"2026-02-26T17:23:07","modified_gmt":"2026-02-26T17:23:07","slug":"us-moves-to-ban-swiss-bank-over-alleged-money-laundering-scheme-linked-to-iran-russia-capital-brief","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/20056\/","title":{"rendered":"US moves to ban Swiss bank over alleged money laundering scheme linked to Iran, Russia \u2014 Capital Brief"},"content":{"rendered":"<p>The news: MBaer Merchant Bank AG, a small Swiss private bank, faces losing access to the US financial system after the Treasury\u2019s Financial Crimes Enforcement Network (FinCEN) proposed a rule that would sever its ties to the US dollar-based financial system over its alleged financial support of illicit actors linked to Iran, Russia and Venezuela. <\/p>\n<p>If finalised, the rule would prohibit US financial institutions from opening or maintaining a correspondent account for or on behalf of MBaer. <\/p>\n<p>What they said: Treasury Secretary Scott Bessent said in a statement that MBaer had funnelled more than USD100 million through the US financial system on behalf of those actors. <\/p>\n<p>The statement accuses the bank and its employees enabling money laundering and illicit finance activities, including facilitating corruption linked to Russian money laundering and terrorist financing on behalf of Iran-aligned foreign terrorist organisations, including the Islamic Revolutionary Guard Corps and its Quds Force. <\/p>\n<p>Bessent said: \u201cBanks should be on notice that the US Treasury will aggressively protect the integrity of the US financial system using the full force of our authorities.\u201d <\/p>\n<p>FinCEN\u2019s notice of proposed rulemaking invites written public comments for 30 days. MBaer has not commented.<\/p>\n","protected":false},"excerpt":{"rendered":"The news: MBaer Merchant Bank AG, a small Swiss private bank, faces losing access to the US financial&hellip;\n","protected":false},"author":2,"featured_media":20057,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2009,1830,3310,41,17],"class_list":{"0":"post-20056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-switzerland","8":"tag-banking","9":"tag-geopolitics","10":"tag-regulation","11":"tag-swiss","12":"tag-switzerland"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=20056"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/20057"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=20056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=20056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=20056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}