{"id":20081,"date":"2026-02-26T18:00:12","date_gmt":"2026-02-26T18:00:12","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/20081\/"},"modified":"2026-02-26T18:00:12","modified_gmt":"2026-02-26T18:00:12","slug":"u-s-treasury-threatens-swiss-banks-access-over-illicit-ties","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/20081\/","title":{"rendered":"U.S. Treasury Threatens Swiss Bank&#8217;s Access Over Illicit Ties"},"content":{"rendered":"<p>&#13;<\/p>\n<p>The U.S. Treasury Department took a significant step on Thursday by announcing its intention to cut off MBaer Merchant Bank AG&#8217;s access to the U.S. financial system. The Swiss bank is under scrutiny for allegedly facilitating illicit financial activities tied to Iran, Russia, and Venezuela.<\/p>\n<p>In an unusual use of its enforcement power, the Treasury claimed that MBaer had processed substantial sums linked to money laundering and terrorist financing. Treasury Secretary Scott Bessent emphasized the department&#8217;s commitment to safeguarding the U.S. financial infrastructure from corrupt financial practices.<\/p>\n<p>The proposed regulation would prevent U.S. banks from maintaining accounts for MBaer. The Financial Crimes Enforcement Network issued a 30-day comment period about these measures, while Swiss regulators are involved in parallel proceedings with pending appeals from MBaer.<\/p>\n<p>&#13;<\/p>\n<p>(With inputs from agencies.)<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; The U.S. Treasury Department took a significant step on Thursday by announcing its intention to cut off&hellip;\n","protected":false},"author":2,"featured_media":20082,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[13188,13043,3188,13042,13045,136,1932,41,1085,17,12760,194],"class_list":["post-20081","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-enforcement","tag-financial-system","tag-iran","tag-mbaer-merchant-bank","tag-money-laundering","tag-russia","tag-sanctions","tag-swiss","tag-swiss-bank","tag-switzerland","tag-u-s-treasury","tag-venezuela"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20081","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=20081"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/20081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/20082"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=20081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=20081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=20081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}