MBaer Merchant Bank AG has taken note of FinCEN's announcement and will comment on it after consulting with its US lawyers. The ruling published on the FINMA website is not legally binding; the bank has lodged an appeal against it with the Federal Administrative Court.

MBaer continues to cooperate fully with the relevant authorities and supports the work of the appointed auditor. The bank is carefully reviewing the announced measures and will protect its interests in the planned proceedings.

MBaer continues to have a solid capital and liquidity base and is proceeding with its business activities to the extent possible. The interests of its clients and compliance with regulatory requirements are MBaer Merchant Bank AG's highest priorities.