Sep 10, 2026 · 43 min · 13 segments
As the nation marks the 25th anniversary of the September 11 terrorist attacks on the United States, the ABA Banking Journal Podcast — returning for its ninth season — brings you conversations with…
Beth ChunnGuest
Evan SparksHost
Rob NicholsGuest
Almost immediately we began talking about, you know, withi- within, within what? Four weeks we were, uh, um, engaged in kinetic operations-
President Bush made the commitment that we were going to, you know, take the, take this war to not just the terrorists themselves, but to any state that sponsored them.
That is also a, um, a financial operation and I, and we had the USA Patriot Act.
We had, I mean, we had this kind of this massive change in what we, how we treated the finances of, um, individuals who were trying to harm the United States as well as, uh, um, countries that were supporting those individuals or providing a place for those individuals to go and operate out of.
What was, uh, what, what was it like working at Treasury in this process of implementing these new statutes and, uh, this new, um, financial, um, uh, really, you know, this new anti-money laundering, Bank Secrecy Act sanctions, um, financial policy regime to make sure that, uh, money did not flow into the, into terrorists' hands?
So I'll tell you, we had been before 9/11 working on a tax bill, uh, the Argentinian debt crisis, and all sorts of other things.
Now we started fighting, uh, under the president's, uh, order and authority, th- what we called the financial war on terror.
Uh, so the US Treasury was transformed, dramatically expanding its national security role after those attacks, uh, and to, and to create a set of tools and to expand our current tools, existing tools, to target global terrorism, money laundering, illicit finance, et cetera.
We spent a lot of time in the Gulf, where the terrorist money that paid for the 9/11 attacks came from.
We were in Saudi Arabia, Uzbekistan, Kazakhstan, UAE, Oman as well, to encourage them, both with carrots and sticks, to shore up and improve their AML BSA and anti-terrorist financing rules and laws.
Almost immediately we began talking about, you know, withi- within, within what? Four weeks we were, uh, um, engaged in kinetic operations-
President Bush made the commitment that we were going to, you know, take the, take this war to not just the terrorists themselves, but to any state that sponsored them.
That is also a, um, a financial operation and I, and we had the USA Patriot Act.
We had, I mean, we had this kind of this massive change in what we, how we treated the finances of, um, individuals who were trying to harm the United States as well as, uh, um, countries that were supporting those individuals or providing a place for those individuals to go and operate out of.
What was, uh, what, what was it like working at Treasury in this process of implementing these new statutes and, uh, this new, um, financial, um, uh, really, you know, this new anti-money laundering, Bank Secrecy Act sanctions, um, financial policy regime to make sure that, uh, money did not flow into the, into terrorists' hands?
So I'll tell you, we had been before 9/11 working on a tax bill, uh, the Argentinian debt crisis, and all sorts of other things.
Now we started fighting, uh, under the president's, uh, order and authority, th- what we called the financial war on terror.
Uh, so the US Treasury was transformed, dramatically expanding its national security role after those attacks, uh, and to, and to create a set of tools and to expand our current tools, existing tools, to target global terrorism, money laundering, illicit finance, et cetera.
We spent a lot of time in the Gulf, where the terrorist money that paid for the 9/11 attacks came from.
We were in Saudi Arabia, Uzbekistan, Kazakhstan, UAE, Oman as well, to encourage them, both with carrots and sticks, to shore up and improve their AML BSA and anti-terrorist financing rules and laws.
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