Editing BCCI (section)

===Delayed Action and Regulatory Oversight===
	◦	CIA Knowledge: By 1985, the CIA had detailed knowledge of BCCI’s U.S. banking ambitions, sharing this with the U.S. Treasury and Office of the Comptroller of the Currency, but not with regulators overseeing First American Bankshares, as noted in the Kerry-Brown Report. This delay, possibly to protect BCCI as an intelligence asset, allowed the bank to operate until 1991.

	◦	Congressional Findings: The Kerry-Brown Report criticized the CIA for providing “incomplete or untrue” initial responses to Congress about BCCI’s activities and for withholding critical information, such as details on shareholders like Kamal Adham (former Saudi intelligence chief) and Abdul Raouf Khalil, both CIA contacts. The report highlighted “ostensible gaps” in CIA disclosures, suggesting potential concealment to safeguard operational interests.