After the September 11, 2001, attack on the World Trade Center, United States of America, the global efforts at surveillance increased, with the Financial Action Task Force (FATF) setting guidelines for identification, monitoring and tracking anti-money laundering activities. The FATF and the United States Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) came up with detailed strategies for addressing the menace.
These strategies are based on the belief that intensified surveillance will stop the criminals and terrorists using the organized banking services for their funding network, if the operators are vigilant and follow the guidelines established with adequate legislation to back them up.