The Arms Money 3 Paris Embassy: Armscors

secret hub responsible for all

weapons trade with France and
Machine Europe. They managed 487
Armscor bank accounts, mostly Belgium
with Kredietbank. East Germany
A tale of banks and UK West Germany
front companies Kredietbank Belgium: The banks Luxembourg
senior managers included pro-apartheid
lobbyists. They owned KBL the Switzerland
primary conduit for Armscors money- France 4
laundering network.
Payment was made to the
weapons suppliers around
the globe through Armscors
Kredietbank Luxembourg (KBL): Portugal main accounts at KBL.
Armscors main bank in Europe
provided hundreds of untraceable
accounts. KBL officials assisted in the
formation of Armscors front
companies.

At least 39 Armscor front companies

were set up in Panama between
1978 and 1991. USA

China
Israel
Front companies registered here
were used to hide payments made
to bank accounts controlled by
Armscor in Europe. 2 At least 76 Armscor front
companies were established
2 Panama Liberia in Liberia, linked to 198
Kredietbank accounts.

Singapore

One of the most

important global
1
money-laundering Chile
Armscor received requests for weapons
procurement from the SADF. The SA
schemes ever Pretoria Reserve Bank authorised payment from
Armscors bank accounts at Volkskas.

~ Professor Mark Pieth

Money routed through the Dark Zone,
a trail of secret international bank
accounts.

Apartheid Guns and Money, 2017 | Hennie van Vuuren | www.opensecrets.org.za

Graphics by Gaelen Pinnock | www.scarletstudio.net