Zurich, Feb 27, 2026 (AFP) - Switzerland shuts bank accused of Iran, Russia ties

NAMPA / AFP

2026-02-27

Switzerland's financial market regulator said on Friday that a bank singled out by the US Treasury for dealings with "illicit actors" linked to Russia and Iran had been liquidated. On Thursday, the US Treasury moved to cut the Zurich-based MBaer Merchant Bank off from the US financial system, accusing it of having "funnelled over a hundred million dollars through the US financial system on behalf of illicit actors tied to Iran and Russia". In a s......

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