The events of 9/11 triggered a regulatory merger between two operationally distinct processes – money laundering and terrorist finance. Supported with a huge commitment led by several international organizations, several states (130 to be precise) undertook the conversion of their voluntary preventive regulatory structure, consisting of financial obligations on reporting entities, into a mandatory reporting regime. The conversion can be traced to a specific event – the issuance in October 2001 by the Financial Action Task Force on Anti-Money Laundering (‘Task Force’ or ‘FATF’) of Nine Special Recommendations on Terrorist Finance (‘Nine Special Recommendations’ or ‘Special Recommendations’). Compelling the regulatory merger was a largely untested assumption, namely, that nominal financial difference exists between crime and insurgency.
 Financial Action Task Force, (FATF) History (Paris, FATF, 1989)
 For example, U.S., Department of the Treasury, National Money Laundering Strategy 2002 (Washington D.C., 2002), The Bureau of International Information Programs of the U.S. Department of State, , visited on 26 June 2009; U.S., Department of the Treasury, National Money Laundering Strategy 2003 (Washington D.C., 2003); Financial Action Task Force (FATF), FATF Guidance for Financial Institutions in Detecting Terrorist Financing, (24 April 2002) , visited on 26 June 2009;Financial Action Task Force (FATF), Report on Money Laundering Typologies (2003-2004) , visited on 26 June 2009