Stephens' principal motive in bringing BCCI to America was apparently to connect up his own financial institutions to a global system of money laundering—not only First American Bank, but those in Little Rock also. To avoid the type of [[SEC]] scrutiny involved in the Financial General takeover, [[Webster Hubbell]] was employed to draw up the charter for the [[Arkansas Development Finance Authority]] (ADFA). The structure for the laundry was then in place. | Stephens' principal motive in bringing BCCI to America was apparently to connect up his own financial institutions to a global system of money laundering—not only First American Bank, but those in Little Rock also. To avoid the type of [[SEC]] scrutiny involved in the Financial General takeover, [[Webster Hubbell]] was employed to draw up the charter for the [[Arkansas Development Finance Authority]] (ADFA). The structure for the laundry was then in place. |