By decision dated 6 February 2026, the Swiss Financial Market Supervisory Authority (FINMA) revoked the license of MBear Merchant Bank AG following enforcement proceedings concerning violations of anti-money laundering regulations and ordered the Bank’s liquidation. Prof. Dr. Daniel Staehelin (lead liquidator) and Dr. Lukas Bopp (deputy liquidator), both of Kellerhals Carrard Basel KlG, were appointed as liquidators.

The Bank filed an appeal against this decision with the Federal Administrative Court and requested that suspensive effect be granted. The Court granted suspensive effect. However, in light of recent developments, in particular the threat of sanctions by the U.S. Financial Crimes Enforcement Network (FinCEN), the Board of Directors resolved to withdraw the appeal. As a result, the revocation of the license and the order for liquidation have become legally binding and enforceable.

The Bank is now in liquidation and is represented solely by the appointed liquidators. Ms. Annett Viehweg continues to perform her duties as CEO under the supervision of, and in accordance with the instructions issued by, the liquidators. The Board of Directors has resigned.

According to the Bank’s books, sufficient assets are available to satisfy all clients and creditors in full. Due to the U.S. intervention and the revocation of the license, the Bank is subject to restrictions in payment transactions. For the time being, payments can therefore only be made up to a maximum of CHF 100'000 per client and only in Swiss francs.

Clients may continue to contact their usual relationship manager. Shareholders will receive distributions only after all creditors have been satisfied and the liquidation has been completed.