{"id":207,"date":"2026-03-02T20:11:50","date_gmt":"2026-03-02T19:11:50","guid":{"rendered":"https:\/\/ksokolovarchive.wordpress.com\/?p=207"},"modified":"2026-03-02T20:11:50","modified_gmt":"2026-03-02T19:11:50","slug":"swiss-bank-mbaer-gets-shut-down-over-alleged-sanction-breach","status":"publish","type":"post","link":"https:\/\/ksokolovarchive.cc\/?p=207","title":{"rendered":"MBaer Bank, Founded by Julius Baer Heir, Liquidated Over Sanctions Violations"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Source: Bloomberg \/ Swissinfo, \u201cSwiss Bank MBaer Gets Shut Down Over Alleged Sanction Breach\u201d<\/p>\n\n\n\n<p>February 27, 2026<br><\/p>\n\n\n\n<p>Swiss financial regulator FINMA revoked the license of MBaer Merchant Bank AG, citing evidence that the bank helped clients evade sanctions. The regulator stated that MBaer had exposed itself and the Swiss financial center to \u201cdisproportionately high risks\u201d through inadequate anti-money laundering controls.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"580\" src=\"https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2026\/03\/image-7-1.png?w=870\" alt=\"\" class=\"wp-image-557\" srcset=\"https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2026\/03\/image-7-1.png 870w, https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2026\/03\/image-7-1-300x200.png 300w, https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2026\/03\/image-7-1-768x512.png 768w\" sizes=\"auto, (max-width: 870px) 100vw, 870px\" \/><\/figure>\n\n\n\n<p>MBaer was founded in 2018 by Michael Baer, the great-grandson of Julius Baer, who founded the Swiss bank of the same name over a century ago. The bank\u2019s liquidation follows a separate action by the U.S. Treasury\u2019s FinCEN, which proposed cutting MBaer off from the U.S. financial system over alleged links to Iran and Russia.<\/p>\n\n\n\n<p><em>Context: The closure of MBaer is relevant to this archive due to the involvement of Julius Baer executives in earlier investments linked to Konstantin Sokolov. Roland Burger, a Julius Baer executive, served as Vice President of IFG Basis and sat on the board of Aplerson Holding, the investment vehicle behind Sokolov\u2019s early St. Petersburg hotel projects.<\/em><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Original: <a href=\"https:\/\/www.swissinfo.ch\/eng\/swiss-bank-mbaer-gets-shut-down-over-alleged-sanction-breach\/91010974\" target=\"_blank\" rel=\"noopener\">https:\/\/www.swissinfo.ch\/eng\/swiss-bank-mbaer-gets-shut-down-over-alleged-sanction-breach\/91010974<\/a><\/p>\n\n\n\n<p>Archived copy: <a href=\"https:\/\/web.archive.org\/web\/20260401120649\/https:\/\/www.swissinfo.ch\/eng\/swiss-bank-mbaer-gets-shut-down-over-alleged-sanction-breach\/91010974\" target=\"_blank\" rel=\"noopener\">https:\/\/web.archive.org\/web\/20260401120649\/https:\/\/www.swissinfo.ch\/eng\/swiss-bank-mbaer-gets-shut-down-over-alleged-sanction-breach\/91010974<\/a><\/p>\n\n\n\n<p>\ud83c\udff7\ufe0f Tags: MBaer, Julius Baer, FINMA, Russian Sanctions<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Bloomberg \/ Swissinfo, \u201cSwiss Bank MBaer Gets Shut Down Over Alleged Sanction Breach\u201d February 27, 2026 Swiss financial regulator FINMA revoked the license of MBaer Merchant Bank AG, citing evidence that the bank helped clients evade sanctions. The regulator stated that MBaer had exposed itself and the Swiss financial center to \u201cdisproportionately high risks\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-207","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts\/207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=207"}],"version-history":[{"count":0,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts\/207\/revisions"}],"wp:attachment":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}