home *** CD-ROM | disk | FTP | other *** search
/ TIME: Almanac 1995 / TIME Almanac 1995.iso / time / 033092 / 0330203.000 < prev    next >
Encoding:
Text File  |  1995-02-24  |  909 b   |  30 lines
  1. <text id=92TT0680>
  2. <title>
  3. Mar. 30, 1992: Business Notes:International Banking
  4. </title>
  5. <history>
  6. TIME--The Weekly Newsmagazine--1992               
  7. Mar. 30, 1992  Country's Big Boom                    
  8. </history>
  9. <article>
  10. <source>Time Magazine</source>
  11. <hdr>
  12. BUSINESS, Page 51
  13. Business Notes
  14. INTERNATIONAL BANKING
  15. Take It to the Cleaners
  16. </hdr><body>
  17. <p>     Psst. Need to launder some dirty money? No problem. Pakistan's
  18. central bank placed some eyebrow-raising advertisements in the
  19. Wall Street Journal last week, offering to sell Pakistani
  20. government-backed bonds to anyone with cash. "No questions asked
  21. about the source of funds," says the ad. "No identity to be
  22. disclosed." The State Bank of Pakistan, which placed the ads,
  23. may be picking up where another Pakistani bank--the corrupt
  24. Bank of Credit & Commerce International--left off.
  25. </p>
  26.  
  27. </body></article>
  28. </text>
  29.  
  30.