US Moves to Cut Off Small Swiss Bank Over Illegal Money
The US Treasury Department is taking steps to ban American financial institutions from doing business with MBaer Merchant Bank AG, a small Swiss bank. The bank is accused of moving more than $100 million in illegal funds on behalf of Iranian and Russian criminal groups. This bank is not related to the major Swiss financial […]
EU Sanctions Former Swiss Colonel Over Russian Propaganda
The European Union has officially included Jacques Baud, a retired Swiss Army colonel and former intelligence analyst, in its latest sanctions list related to the war in Ukraine. The EU describes the 70-year-old Baud as a “mouthpiece for pro-Russian propaganda.” He is accused of spreading conspiracy theories and information manipulation that undermine Ukraine’s stability. Specifically, […]