The BCCI Affair
The BCCI Affair
A Report to the Committee on Foreign Relations
United States Senate
by
Senator John Kerry and Senator Hank Brown
December 1992
102d Congress 2d Session Senate Print 102-140
EXECUTIVE SUMMARY
Introduction and Summary of Investigation
The Origin and Early Years of BCCI
BCCI's Criminality
BCCI's Relationship with Foreign Governments, Central Banks, and International Organizations
BCCI in the United States - Initial Entry and FGB and NBG Takeovers
BCCI in the United States - Part Two: Acquisition, Consolidation, and Consequences
BCCI and Law Enforcement - The Justice Deparment and the US Customs Service
BCCI and Law Enforcement - District Attorney of New York
BCCI and Its Accountants
BCCI, The CIA and Foreign Intelligence
The Regulators
Clark Clifford and Robert Altman
Abu Dhabi: BCCI's Founding and Majority Stockholders
Mohammed Hammoud: BCCI's Flexible Frontman
BCCI And Georgia Politicians
BCCI's Lawyers and Lobbyists
Hill and Knowlton and BCCI's PR Campaign
Ed Rogers and Kamal Adham
BCCI and Kissinger Associates
Capcom: A Case Study of Money Laundering
Legislative and Policy Recommendations
Appendix - Matters For Further Investigation, Witnesses and Writs