During their investigation of Noriega, Kerry's staff found reason to believe that the Pakistan-based Bank of Credit and Commerce International (BCCI) had facilitated Noriega's drug trafficking and money laundering. This led to a separate inquiry into BCCI, and as a result, banking regulators shut down BCCI in 1991. In December 1992, Kerry and Senator Hank Brown, a Republican from Colorado, released The BCCI Affair, a report on the BCCI scandal. The report showed that the bank was crooked and was working with terrorists, including Abu Nidal. It blasted the Department of Justice, the Department of the Treasury, the Customs Service, the Federal Reserve Bank, as well as influential lobbyists and the CIA.
When was BCCI shut down?
1991