Bank of Credit and Commerce International controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1998
Auditor liability litigation
BCCI liquidators pursued claims against its auditors, ultimately reaching a reported $175 million settlement with Price Waterhouse and Ernst & Young.
1991
BCCI collapse and Operation C-Chase
The Sandstorm report described widespread fraud and manipulation, followed by coordinated raids and the closure of BCCI branches in seven countries.
1990
Hidden control of First American Bankshares
Investigators concluded that BCCI had helped acquire and secretly control First American through nominee investors and financing arrangements that conflicted with regulatory assurances.
1988
Tampa money-laundering investigation
A U.S. Customs undercover operation infiltrated BCCI's Tampa private-client activities and gathered evidence linking bank personnel to deposits associated with drug traffickers and money launderers.