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Swiss bank execs were 'likely complicit' in clients' illicit activity, US says

By Samuel Rubenfeld ( February 26, 2026, 19:27 GMT | Insight) -- Since its founding in 2018, the small Swiss private bank MBaer Merchant Bank has profited from offering financial services to customers engaging in money laundering, and in some cases its executives were “likely complicit in” their clients’ illicit activities, the US government alleged Thursday.Since its founding in 2018, the small Swiss private bank MBaer Merchant Bank has profited from offering financial services to customers engaging in money laundering, and in some cases its executives were “likely complicit in” their clients’ illicit activities, the US government alleged Thursday....

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