---
category: BCCI Scandal
summary: Donald Regan served as the Treasury Secretary during the Reagan Administration.
tags:
- Person
- BCCI
- CIA
---

Donald Regan served as the Treasury Secretary during the [Reagan Administration](/people/ronald-reagan/).[^1]
### Role in BCCI Scandal

In January 1985, Regan received a [Central Intelligence Agency](/organizations/central-intelligence-agency/) report on the [BCCI](/organizations/bank-of-credit-and-commerce-international/)'s secret ownership of [First American Bank](/organizations/first-american-bank/) through [Douglas Mulholland](/people/douglas-mulholland/), the intelligence liaison at the Treasury Department.[^2] Despite receiving this information, Regan did not take action.[^3]

Regan later refused to be interviewed by Jonathan Beaty in early 1992, stating that his memory about the BCCI affair was not good.[^2]

[^1]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 12.
[^2]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 364-366.
[^3]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 388.