FinCEN Updates: Treasury Proposes Rule to Sever Swiss Bank MBaer’s Access to U.S. Financial System

You are subscribed to FinCEN Updates. The information below is available at FinCEN.gov.

 

Treasury Proposes Rule to Sever Swiss Bank MBaer's Access to U.S. Financial System

Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) proposed a rule that, if finalized, would sever MBaer Merchant Bank AG (MBaer's) access to the U.S. financial system as a result of its financial support to illicit actors linked to Russia and Iran. If finalized, the proposed rule would prohibit covered U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, MBaer.

Treasury Press Release

• Treasury Proposes Rule to Sever Swiss Bank MBaer's Access to U.S. Financial System

###

 

---

Update your subscriptions, modify your password or e-mail address, or stop subscriptions at any time on your Subscriber Preferences page. You will need to use your e-mail address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. All other inquiries can be directed to www.fincen.gov/contact.

This service is provided to you at no charge by the Financial Crimes Enforcement Network. Visit us on the web at http://www.fincen.gov/.

---

This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud on behalf of: FinCEN Updates · PO Box 39 · Vienna, VA 22183 · 703-905-3591