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FINMA Invites Thierry Lasseron to Right to be Heard

FINMA has invited Thierry Lasseron to exercise his right to be heard regarding enforcement proceedings. Lasseron is required to provide a Swiss domicile for notification within 15 days of publication, or further communications will be made available at FINMA's offices.

FINMA Orders MBaer Merchant Bank AG Liquidation Due to Money Laundering Controls

Switzerland's FINMA has ordered the liquidation of MBaer Merchant Bank AG due to serious, systematic shortcomings in anti-money laundering controls and enabling clients to circumvent asset freezes. This follows FINMA's withdrawal of the bank's license, which is now effective after the bank withdrew its appeal.