Bank of Credit and Commerce International (BCCI) Founded

| Importance: 8/10

Agha Hasan Abedi established the Bank of Credit and Commerce International (BCCI) in Luxembourg, creating an international bank with initial capital from Bank of America and Sheikh Zayed bin Sultan Al Nahyan. BCCI rapidly expanded to become the seventh-largest private bank in the world before being exposed for extensive financial crimes.

Key Actors

Agha Hasan Abedi Sheikh Zayed bin Sultan Al Nahyan Bank of America

Tags

banking financial-crime international-banking money-laundering regulatory-capture

Sources (4)

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