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Bank of Credit and Commerce International (view source)
Revision as of 19:25, October 31, 2016
, 19:25, October 31, 2016→Noriega and the Afghan rebels
BCCI became a important conduit for CIA intelligence and the [[NSA]]. When Norman Bailey at the [[National Security Council]] urged NSA to "follow the money" as part of the "wars" on terrorism and drugs, the NSA had BCCI as an obvious banking target. The CIA was there also to assist in the monitoring of BCCI related money flows of other intelligence and criminal enterprises. BCCI had become a giant laundry machine, and the CIA made use of BCCI for their own covert money transfers.
BCCI became a important conduit for CIA intelligence and the [[NSA]]. When Norman Bailey at the [[National Security Council]] urged NSA to "follow the money" as part of the "wars" on terrorism and drugs, the NSA had BCCI as an obvious banking target. The CIA was there also to assist in the monitoring of BCCI related money flows of other intelligence and criminal enterprises. BCCI had become a giant laundry machine, and the CIA made use of BCCI for their own covert money transfers.
The CIA used BCCI branches in Pakistan to launder payments to the Afghan rebels, and Pakistani officials used the same bank to launder [[heroin]] profits. The finance minister of Pakistan confirmed that the bank laundered CIA contributions to the Afghan rebels, but claims it was "not even handling 1 percent of total drug money."<ref>Financial Times, July 25, 1991</ref>
The CIA used BCCI branches in Pakistan to launder payments to the [[Afghan Mujahideen]], and Pakistani officials used the same bank to launder [[heroin]] profits. The finance minister of Pakistan confirmed that the bank laundered CIA contributions to the Afghan rebels, but claims it was "not even handling 1 percent of total drug money."<ref>Financial Times, July 25, 1991</ref>
Another example involves [[Manuel Noriega]]. Noriega had earlier gotten into trouble with the [[US State Department]] because of his drug dealing. But this changed when his support was needed in the negotiations for a new [[Panama Canal Treaty]].
Another example involves [[Manuel Noriega]]. Noriega had earlier gotten into trouble with the [[US State Department]] because of his drug dealing. But this changed when his support was needed in the negotiations for a new [[Panama Canal Treaty]].