This article was written on the day when billions of people across the
globe stopped to look back at the terrorist attacks of September
11, 2001, on the 15th anniversary of the attack on New York. One of
the many lessons that were learned following the tragic events of
9/11 was that terrorism is entirely dependent on having a clear and,
above all, well-funded strategy, and that without sustained funding
mass terror attacks will be almost impossible. In an attempt to prevent
future attacks of terror, the U.S. (using the considerable resources of
the CIA and FBI) and a number of countries globally embarked on
a mission to develop robust new procedures and mechanisms that
could be used for tracking and investigating grey and black market
financing. As part of this strategy the U.S Government’s Patriot Act of
2001 was introduced as the primary legislative response to the 9/11
attacks, which focused mainly on reinforcing the arsenal of tools
available to CIA, FBI, and federal prosecutors for identifying and
disabling terrorist networks operating both within and outside the
United States. The act also made way for the development of two
branches of accountancy, namely, forensic auditing and forensic
accounting, which were put to use as methods to examine and
evaluate a company’s or an individual’s financial information for
use in legal proceedings.
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