Bank of Credit and Commerce International

The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 and shut down in 1991, known for its involvement in money laundering and connections with the Central Intelligence Agency (CIA).^[1]^[2]^[3]^[4] It has been noted for its role in the Iran-Contra affair.^[5]^[6]

References[edit | edit source]

↑ Jonathan Beaty and S. C. Gwynne (1993). The Outlaw Bank: A Wild Ride Into the Secret Heart of BCCI.
↑ “BCCI's ability to operate with impunity for so long may also have had something to do with its connections to the murky world of intelligence. It had generated tremendous goodwill at the CIA by assisting in a series of sensitive covert operations. BCCI's relationship with U.S. intelligence was so close that questions have been raised about whether the CIA was one the original sponsors of BCCI — and even one of the beneficiaries of its larcency.”

Peter Truell and Larry Gurwin (1992). False Profits: The Inside Story of BCCI, the World's Most Corrupt Financial Empire (pp. xvii).
↑ Robert L. Jackson (1991-10-26). "CIA Says It May Have Made a Mistake on BCCI : Banking: Proper agencies should have been notified about possible wrongdoing, a top official says" Los Angeles Times.
↑ John Kerry and Hank Brown. "The BCCI Affair: A Report to the Committee on Foreign Relations United States Senate by Senator John Kerry and Senator Hank Brown." 102d Congress 2d Session Senate Print 102-140, December 1992.
↑ “BCCI was involved in some of the most sensitive intelligence operations of the Reagan-Bush years, including the secret sales of arms to Iran.”

"The Bcci-Cia Connection: Just How Far Did It Go?" (1992-12-06). Newsweek.
↑ “The U.S. government has acknowledged that Sensi worked for the CIA in the 1980s when he handled sensitive documents as a liaison between the CIA and the Bank of Commerce and Credit International (BCCI), which was at the heart of the money-laundering operations in Iran-Contra. [...] The TOW missiles purchased by the Kuwaiti royal family through BCCI were sent to Iran and the profits were used to purchase arms that were sent to the Contras.”

Jeremy Kuzmarov (2026-01-06). "Will Arrest of CIA Agent Finally Bring Down the Bush Family and CIA Cabal Behind Iran-Contra?" CovertAction Magazine.

[1] Jonathan Beaty and S. C. Gwynne (1993). The Outlaw Bank: A Wild Ride Into the Secret Heart of BCCI.

[2] “BCCI's ability to operate with impunity for so long may also have had something to do with its connections to the murky world of intelligence. It had generated tremendous goodwill at the CIA by assisting in a series of sensitive covert operations. BCCI's relationship with U.S. intelligence was so close that questions have been raised about whether the CIA was one the original sponsors of BCCI — and even one of the beneficiaries of its larcency.”

Peter Truell and Larry Gurwin (1992). False Profits: The Inside Story of BCCI, the World's Most Corrupt Financial Empire (pp. xvii).

[3] Robert L. Jackson (1991-10-26). "CIA Says It May Have Made a Mistake on BCCI : Banking: Proper agencies should have been notified about possible wrongdoing, a top official says" Los Angeles Times.

[4] John Kerry and Hank Brown. "The BCCI Affair: A Report to the Committee on Foreign Relations United States Senate by Senator John Kerry and Senator Hank Brown." 102d Congress 2d Session Senate Print 102-140, December 1992.

[5] “BCCI was involved in some of the most sensitive intelligence operations of the Reagan-Bush years, including the secret sales of arms to Iran.”

"The Bcci-Cia Connection: Just How Far Did It Go?" (1992-12-06). Newsweek.

[6] “The U.S. government has acknowledged that Sensi worked for the CIA in the 1980s when he handled sensitive documents as a liaison between the CIA and the Bank of Commerce and Credit International (BCCI), which was at the heart of the money-laundering operations in Iran-Contra. [...] The TOW missiles purchased by the Kuwaiti royal family through BCCI were sent to Iran and the profits were used to purchase arms that were sent to the Contras.”

Jeremy Kuzmarov (2026-01-06). "Will Arrest of CIA Agent Finally Bring Down the Bush Family and CIA Cabal Behind Iran-Contra?" CovertAction Magazine.

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