In the wake of 11 September there has been heightened awareness of the insidious threat that is posed by money laundering and financial crime. In a bid to choke the funds of the terror networks, the US Government has pushed through emergency anti-money laundering legislation and other administrations around the world are quickly following suit. While the crackdown has assumed greater urgency in the wake of the terrorist attacks, it was well underway before the war against terrorism began.
With the advent of the Financial Action Task Force (FATF) Special Recommendations, anti-money laundering procedures will be intensified on a global scale. It is to be hoped that suspicious transactions which may be intended to finance terrorist acts will come to light more readily in this climate of increased alertness.
