The Inside Story of Money Laundering and Banking in Grand Cayman
The Bank of Credit and Commerce International (BCCI), which had its center of operations in the Cayman Islands, perpetrated the "biggest bank fraud in history". Its many crimes included illegally buying American banks using "straw men" and courting powerful American politicians, laundering drug profits, and making illicit loans totaling around a billion dollars that were not expected to be serviced.
How did this happen? What has the Cayman Banks done to prevent it from happening again?
This presentation will answer all of your questions.