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US threatens to cut off Swiss bank from financial system over alleged Iran, Russia ties

By Sophie Brams Feb 26, 2026, 5:18 pm113 pts
The Treasury Department on Thursday threatened to cut off MBaer Merchant Bank AG’s access to U.S. financial institutions over the Swiss bank’s alleged ties to sanctioned Iranian and Russian actors. The Treasury accused MBaer and its employees of enabling corruption linked to Russian money…

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