home *** CD-ROM | disk | FTP | other *** search
/ TIME - Man of the Year / CompactPublishing-TimeMagazine-TimeManOfTheYear-Win31MSDOS.iso / moy / 033092 / 0330203.000 < prev    next >
Encoding:
Text File  |  1992-08-28  |  681 b   |  20 lines
  1.                                                                                 BUSINESS, Page 51Business NotesINTERNATIONAL BANKINGTake It to the Cleaners
  2.  
  3.  
  4.     Psst. Need to launder some dirty money? No problem. Pakistan's
  5. central bank placed some eyebrow-raising advertisements in the
  6. Wall Street Journal last week, offering to sell Pakistani
  7. government-backed bonds to anyone with cash. "No questions asked
  8. about the source of funds," says the ad. "No identity to be
  9. disclosed." The State Bank of Pakistan, which placed the ads,
  10. may be picking up where another Pakistani bank -- the corrupt
  11. Bank of Credit & Commerce International -- left off.
  12.  
  13.  
  14.  
  15.  
  16.  
  17.  
  18.  
  19.  
  20.