Money laundering – chapter four

Purpose – This paper sets out to evaluate the financial security consequences of the terrorists attack on the USA of 11 September 2001 with specific regard to money laundering. Design/methodology/approach – The study itemises in minute detail the litany of actual and potential financial legislation in the wake of 9/11 in both the USA and the UK. Findings – Basically, the study finds the depriving criminals of the proceeds of their crimes is illusory and ineffectual, since they never have sufficient funds available for confiscation in the first place. Originality/value – The paper arguably represents the most comprehensive evaluation to date of the financial issues, both real and hypothetical, thrown up on both sides of the Atlantic by the events of 9/11.