Word: accountants
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Dates: during 1980-1989
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...leadership vacuum coincided with bitter ethnic tensions in the autonomous province of Kosovo. Though the province is part of the Serbian republic, Albanians account for at least 77% of its 1.9 million inhabitants, a proportion that continues to increase. Fears of Albanian irredentism and tales of rape and murder of Serbs in Kosovo by Albanians stirred many of Yugoslavia's 8 million Serbs to demand a crackdown on Kosovo and tough leadership to implement it. The man and the hour met in 1986 when Slobodan Milosevic rose to power in the Serbian Communist Party and soon stirred up a wave...
...party has been able to capitalize. Many of the 320,000 Arab voters have traditionally chosen Labor, but this year some are looking farther left. Their defection could have a boomerang effect, swelling Likud's plurality at the expense of Labor. Three other leftist parties could account for as many as eight seats in the Knesset. Darawshe's new Arab Democratic Party, which calls for direct negotiations with the P.L.O., could pick up another. But he represents the only Arab party that Labor might stomach in a coalition...
Besides the alleged laundering services described in the indictments, BCCI has been accused of handling secret accounts for such clients as Panama's allegedly drug-dealing dictator General Manuel Noriega and Saudi financier Adnan Khashoggi. According to congressional testimony made public last week, Amjad Awan, a former BCCI officer arrested at the phony stag party, told a Senate subcommittee last month that he had made political payoffs for Noriega out of a BCCI account. In 1986 Khashoggi transferred $12 million from a BCCI account in Monte Carlo to an arms dealer to help purchase weapons used in the Iran-contra...
...late 1987 Moro had introduced the agents to a Panamanian branch of BCCI for their laundering operation. The agents collected cash from Medellin dealers in the U.S. and deposited it at domestic banks, then wired the money to the account of a newly created shell corporation in the BCCI branch in Panama. The agents then provided the Colombian traffickers with signed blank checks that could be cashed at most banks...
Soon a more complex laundering method was introduced. BCCI allegedly began to wire drug money deposited in its branches to accounts in foreign banks, using major New York City institutions as unwitting intermediaries. Once the funds were overseas, BCCI allegedly used them to buy certificates of deposit at banks in France, Britain, Luxembourg, Uruguay, Panama and the Bahamas. Using the CDs as collateral, BCCI then issued phony loans for slightly smaller amounts to the agents' Panamanian account. Once again, the agents gave the Colombians signed blank checks drawn against the account. BCCI collected the CDs as "payment" for the loans...