Swiss Financial Authority withdraws MBaer Banks’s licence for sanctions failures

2 March 2026

Swiss Financial Authority withdraws MBaer Banks’s licence for sanctions failuresDasha Butler/Shutterstock.com

Switzerland’s financial authority, FINMA, has withdrawn Mbaer Merchant Bank’s licence and the Bank has entered into liquidation. FINMA said that MBaer had shown serious, systematic shortcomings in terms of compliance with due diligence obligations in...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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