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

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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

Date: 26 February, 2026 11:01 pm
Source: thestar.com.my

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