Money laundering regulation to change after 11 Sept

The events of 11 September have had a profound effect on anti-money laundering legislation, which in turn affects international private banking. While some of the legislation introduced is a direct consequence of the terrorist attacks and the subsequent measures taken by the US Government, the profile of anti-money laundering rules and regulations has now taken centre stage in the fight against international terrorism. While anti-money laundering regulations have assumed a more prominent role within international private banks over the last 10 years, the impact of 11 September has in...