In order to ensure compliance with the requirements of the FIC Act, a circular was issued in December 2002. The circular provided guidelines on the types of measures that banks had to implement in order to prevent them being used to launder the proceeds of crime.
According to the famous distinction introduced by Thucydides in his History of the Peloponnesian War1, leadership can be exercised in two very distinct ways. “Legitimate” leadership builds on trust and common identities. This is what the ancient Greeks called hegemonia. But leadership can also be based on arkhe, which can be understood as exercising powers through command and control.