Treasury Proposes Rule to Sever Swiss Bank MBaer’s Access to U.S. Financial System – U.S. Department of the Treasury (.gov)
Lead: On February 26, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a notice of proposed rulemaking that would, if finalized, cut MBaer Merchant Bank AG off from the U.S. financial system. The proposal invokes section 311 of the USA PATRIOT Act to designate MBaer a primary money laundering concern … Read more