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US Treasury official to meet with Swiss regulators, bankers on illicit finance next week

By Thomson Reuters Feb 27, 2026 | 1:06 PM

WASHINGTON, Feb 27 (Reuters) – The U.S. Treasury said on ​Friday it ‌would send a senior Treasury official to Switzerland to discuss ‌deeper ​U.S.-Swiss cooperation ⁠to fight illicit ⁠finance after Swiss regulators moved to shut down a ​small Swiss private bank accused ⁠of money-laundering ⁠violations and ​breaches of sanctions on ​Russia and Iran.

A Treasury ‌spokesperson said the unidentified official would meet on ⁠Monday and Tuesday with Swiss government and private ⁠sector ‌officials to ⁠discuss priorities ​for ‌U.S. and international ​sanctions and ⁠efforts to combat illicit finance threats.

(Reporting by David Lawder; Editing by Chris ​Reese)