10 Most Notorious Money Laundering Cases of the 20th Century

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9. The BCCI Scandal

At its peak, the Bank of Credit and Commerce International (BCCI) was the seventh largest private bank in the world. However, during the mid-1980s the bank was found to be involved in various fraudulent activities including massive amounts of money laundering. Billions in criminal profits, including drug money, went through its accounts. The bank was not too picky about its customers, either: clients included Saddam Hussein, former military dictator of Panama Manuel Noriega, and Palestinian terrorist leader Abu Nidal. It has also been alleged that the CIA used accounts at the BCCI to fund the Afghan Mujahideen during their war with the Soviet Union in the 1980s.

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9. The BCCI Scandal

  • Great content of good historical knowledge! but the question is what are the developing countries doing to prevent such blatant disregard to decorum by siphoning funds abroad like Abacha did in his days?

  • Zaradri

    What? Why am I not listed here? Aha, these are the ones caught or known. Hehe you will never catch me.

    President Zardari – Pakistan