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money laundering

2 Articles

FBI cites pending proceedings in 25-year old BCCI bank fraud case

by Emma Best

December 20, 2017

Decades after the fact, both the Central Intelligence Agency and Federal Bureau of Investigation remain highly secretive about parts of the Bank of Credit and Commerce International money laundering and embezzling investigation and the story of Khalid bin Mahfouz. While the FBI released some documents on Bin Mahfouz and BCCI, with portions remaining redacted under citations of a pending law enforcement proceedings, the CIA flatly refuses to confirm or deny any information on Bin Mahfouz, despite a former CIA Director having publicly (and falsely) accused him of being Osama bin Laden’s brother-in-law.

FBI investigated General with ties to CIA money laundering for … being a librarian

by Emma Best

July 28, 2017

Brigadier General Edwin Black is best known for his role in the Nugan-Hand scandal, in which the Australian bank was accused of being used by the Central Intelligence Agency for narcotics and arms trafficking and money laundering purposes. To learn more about the scandal, Emma Best filed FOIA requests for all the people associated with it, and General Black’s file reveald two things: First, the FBI file’s only mention of his ties to Nugan-Hand is in the form of a Wall Street Journal clipping. Second, Hoover’s FBI briefly investigated him for being a librarian.