US proposes severing Swiss bank from financial system over alleged Iran, Russia links

WASHINGTON, Feb ⁠26 (Reuters) – The U.S. Treasury Department on ⁠Thursday proposed a rule that, ‌if finalized, would sever MBaer Merchant Bank AG’s access to the U.S. financial system on ​the grounds the Swiss ⁠bank had supported ⁠illicit actors linked to Iran and Russia. Read full story

Source : https://www.thestar.com.my/news/world/2026/02/26/us-proposes-severing-swiss-bank-from-financial-system-over-alleged-iran-russia-links

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