FinCEN Proposes Special Measure for MBaer Merchant Bank AG Due to Money Laundering Concerns

Summary

The US Financial Crimes Enforcement Network (FinCEN) has issued a proposed rulemaking to impose special measures on MBaer Merchant Bank AG, a Swiss financial institution, due to its primary money laundering concerns, and to prevent US financial institutions from engaging in transactions with MBaer.

Original source language: Federal Register — Department of the TreasuryOpen original release →

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