How did federal agents infiltrate the world’s dirtiest bank?

A rare opportunity arises when global financial institutions implode: a brief window into how the world really works. There’s an opportunity to learn how money is laundered and where it’s coming from, which financial instruments or jurisdictions are being used to aid and abet criminals, and which drug lords or even governments are trying to hide what they’re up to. In 1991, the Pakistani-owned Bank of Credit and Commerce International (BCCI) was shuttered by regulators for helping bad actors the world over move criminal cash. A window was opened, and this week on Whale Hunting, Bradley Hope is joined by a man who had a front-row seat: former IRS and DEA undercover agent Robert Mazur, who was the key witness at the trial of numerous BCCI executives who he befriended while posing as a money launderer for Colombia’s Medellin Cartel in the late 1980s. They discuss Robert’s time undercover, how he became a central character in the downfall of BCCI and infiltrated Pablo Escobar’s notorious cartel, and how he came to realise that one of the banks through which Escobar moved his ill-gotten gains, BCCI, was no anomaly: There are scores of international banks with corporate incentives to provide banking services to dictators, money launderers and even terrorists. Mentioned in this week’s episode: Robert Mazur’s books about his time undercover: The Infiltrator and The Betrayal The Infiltrator has since been adapted into a feature film starring Breaking Bad’s Robert Cranston as Robert Mazur. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://brazen.fm/plus/

Om Podcasten

This is WHALE HUNTING, a weekly podcast that pulls back the curtain on the hidden worlds of money and power, hosted by investigative journalists Tom Wright and Bradley Hope. Previously long-time reporters for the Wall Street Journal, Tom and Bradley now run Project Brazen, a journalism studio that’s published stories on everything from US Navy corruption to spycraft in Silicon Valley and embezzlement at the heart of Spain’s royal family.  Now, on the Whale Hunting podcast, you can join them as they share what’s got them talking this week, from the headlines to underworld gossip. Each episode will offer something different, but you can expect obscene tales of corruption, insights on the bizarre habits of billionaires, and conversations with reporters, spies, hostage negotiators, cops, authors, and the occasional criminal. Think of it as dropping in on the watercooler chat at Project Brazen’s office.  So join us. Subscribe to Whale Hunting, and find out how the world really works.  For more, or to sign up to our newsletter, visit whalehunting.projectbrazen.com. Support our show by becoming a premium member! https://brazen.fm/plus/