US Bans Swiss Bank for Aiding Iran, Russia Sanctions
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
US Treasury cuts off Swiss bank MBaer for aiding sanctioned groups, including Irans Revolutionary Guard Corps, in money laundering and terrorist financing. Switzerlands FINMA also penalizes the bank for poor money laundering controls and sanctions failures. This move intensifies US sanctions on Iran and Russia, while diplomatic talks on Irans nuclear program continue.
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