11th September, 2001: will it make a difference to the global anti‐money laundering movement?

Abstract

Begins with the response of the Bush administration to the terrorist attacks of September 11, including the establishment of the Foreign Terrorist Asset Tracking Centre and the passing of the PATRIOT Act, and moves on to the reaction of the global community: condemnation by the United Nations, response by the Financial Action Task Force, support from the International Monetary Fund, extension of the role of the Wolfsberg Groups of financial institutions, and responses from countries around the world. Gives a diagram illustrating anti‐money laundering initiatives since September 11. Concludes that the ferocity and size of the terrorist attacks has overcome any reluctance by governments to commit to legislation against money laundering.

Citation

Johnson, J. (2002), "11th September, 2001: will it make a difference to the global anti‐money laundering movement?", Journal of Money Laundering Control, Vol. 6 No. 1, pp. 9-16. https://doi.org/10.1108/13685200310809365