The US Treasury threatened to cut off Swiss private bank MIRIOR Merchant AG from the US financial system, accusing it of violating sanctions against Iran, Russia, and Venezuela. This move could have serious consequences for the bank.
The US Treasury Department delivered what could be a crippling blow to the Swiss private bank MIRIOR Merchant AG on Thursday. The move came after the department threatened to cut it off from the US financial system, accusing the bank of violating sanctions against Iran, Russia, and Venezuela. This action could have a significant impact on the bank's operations.
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