The US and their Western allies weren’t concerned with dual use items being shipped to Iraq during the 1980’s.
From 1985-1990, 771 licenses for dual-use exports from the US to Iraq were approved, as US defense contractors, not content with the Ayatollah’s money, armed Iraq, while the CIA passed intelligence to Saddam. When Hussein gassed the Mossad-backed PUK Kurds in 1987, President Reagan opposed sanctioning Iraq. Instead, Mossad agent Gerald Bull and his Space Research Corporation helped the Iraqis develop three “super guns” code-named Babylon.
Space Research was controlled by the Canadian Bronfman family, the Pure Drug Company “whiskey men” whose Eagle Star Insurance interlocks with Silver Triangle Canadian banks. The Bronfmans married into the Rothschild family and launched the careers of Detroit mob boss/United Brands insider Max Fischer and the Buffalo Jacobs mob, which conveniently owns concessions on Gulf of Mexico oil drilling platforms. Montreal police have identified Mitchell Bronfman as a kingpin of organized crime. 
Gerald Bull peddled arms for the CIA in South Africa, where Space Research supplied guns and advisers to UNITA terrorists in Angola and RENAMO thugs in Mozambique under direction of CIA Angola Chief of Station James Potts.  Bull was introduced to the Iraqis by Armenian-born arms dealer Sarkis Soghanalian, a CIA asset who supplied the Iraqis with Bell Helicopters.  When Belgian Deputy Prime Minister Andre Cools uncovered a memo exposing Bull’s program and its links to the CIA and Mossad, both Cools and Bull were assassinated.
BCCI helped Bull smuggle propellant for his super guns from Belgium to Iraq and loaned $72 million through Bank of America to Space Research financier Banca Nacionale de Lavaro (BNL). BNL had its US offices at the posh Peachtree Center in Atlanta. From 1983-1989 BNL busied itself financing Saddam Hussein’s arms procurement efforts in tandem with the Iraqi Central Bank and Rafidain Bank of Iraq, which had numbered accounts at Bank of America, Bank of New York, Chase Manhattan and Manufacturers Hanover Trust. BNL’s clearing agent on all transactions was Morgan Guaranty Trust. When Saddam defaulted on the loans, the US multinationals which benefited were paid in full, while US taxpayers were charged $347 million. 
BNL is Italy’s largest bank. Its headquarters is across from the US Embassy in Rome. BCCI-founder Bank of America was first known as Bank of Italy and is controlled by the Rothschild family. A report by the Italian Senate stated that BNL Rome ran the Iraqi weapons procurement program and that BNL Atlanta was launched by “some circles in the American political-military-industrial complex”. BNL was 96%-owned by the Italian government. It often transferred funds to Iraq using BCCI, where Saudi intelligence officers laundered drug money for the Medellin Cartel.
Dean Henderson is the author of five books: Big Oil & Their Bankers in the Persian Gulf: Four Horsemen, Eight Families & Their Global Intelligence, Narcotics & Terror Network, The Grateful Unrich: Revolution in 50 Countries, Das Kartell der Federal Reserve, Stickin’ it to the Matrix & The Federal Reserve Cartel. You can subscribe free to his weekly Left Hook column @www.hendersonlefthook.wordpress.com