Feb 27 (Reuters) – Switzerland’s financial regulator FINMA said on Friday it would wind down MBaer Merchant Bank AG after Washington threatened to cut the private bank’s access to the U.S. financial system for breaching sanctions against Iran and Russia. The U.S. Treasury Department had alleged that Zurich-based MBaer and its employees had facilitated corruption linked to Russian money laundering, as … Continue reading Swiss to Wind Down Private Bank That US Accused of Money Laundering