Bank of Credit and Commerce International (BCCI) Founded

Timeline Eventconfirmed
regulatory-capturefinancial-crimebankingmoney-launderinginternational-banking
Intelligence PenetrationRegulatory CaptureFinancial Capture
Actors:Agha Hasan Abedi, Sheikh Zayed bin Sultan Al Nahyan, Bank of America
1972-03-01 · 1 min read

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.

Sources

  1. Bank of Credit and Commerce InternationalWikipedia(2025)
  2. The BCCI Affair - Origins and Early YearsFederation of American Scientists(1992)
  3. BCCI Archival RecordsUniversity of Strathclyde Archives(2025)
  4. Congressional Investigation of BCCIU.S. Senate Committee Report(1992)