USA: BANKING – MONEY LAUNDERING
November 1st, 2004
BY ALAN OSBORN and KEITH NUTHALLTHE SEPTEMBER 11 attacks sparked a major overhaul of national and international money laundering laws around the world, based on concerns that Al Qaida had clearly shifted money into the USA to finance its operations, unnoticed by banks and law enforcement. Unsurprisingly the response in the United States, as the target of the attacks, was both comprehensive and swift. By the following month, President George W. Bush had signed into law the USA Patriot Act, which among other security-based measures tightened US anti-money ...
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