JOURNAL ARTICLE

Swiss Bank MBaer at Risk of Losing US Financial Access.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Balezou, Myriam; Demetz, Isabel; Benrath-Wright, Bastian 3 of 3

Abstract

The article focuses on Swiss private bank MBaer Merchant Bank AG facing potential exclusion from the US financial system due to alleged financial support to illicit actors linked to Iran and Russia. The US Treasury's Financial Crimes Enforcement Network (FinCEN) proposed a rule that would prohibit US financial institutions from maintaining correspondent accounts for MBaer, citing money laundering and sanctions violations involving Iran-aligned terrorist organizations and Russian corruption. MBaer, founded in 2018 in Zurich and majority-owned by Swiss investors, is under investigation by Switzerland’s financial regulator Finma for anti-money laundering and sanctions risk management. This development marks the first time a Swiss bank has been designated by FinCEN as of "primary money laundering concern," highlighting ongoing tensions between Swiss financial institutions and US regulatory authorities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/02, pN.PAG
  • Document Type:Article
  • Subject Area:Communication and Mass Media
  • Publication Date:2026
  • Accession Number:191991377
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