Swiss regulator investigates four people as it shuts down bank for "serious systemic deficiencies".
FINMA liquidated MBaer Bank after 98% of its CHF 4.9B in assets were tied to clients circumventing Russian and Iranian sanctions. Systemic AML failures now lead to hard revocation — a direct compliance signal for institutions with cross-border capital flows.
A FINMA probe found serious systemic deficiencies at the bank
Keystone / Peter Klaunzer
The Swiss Financial Market Supervisory Authority (FINMA) has ordered the liquidation of MBaer Merchant Bank, which has been labelled a money laundering risk by the United States.
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