The Bank of Credit and Commerce International (BCCI) was a major international bank founded in London, United Kingdom in 1972 by Agha Hasan Abedi, a leading Pakistani financier. The company was registered in Luxembourg. At its peak, it operated in 78 countries, had over 400 branches, and had assets in excess of US$ 20 billion making it the 7th largest bank in the world by assets.[1][2]
BCCI became the focus in 1991 of the world's worst financial scandal and what was called a "$20-billion-plus heist".[3] It was found by regulators in the United States and the United Kingdom to be involved in money laundering