About this episode

The episode discusses the impact of the Patriot Act on anti-money laundering regulations in the wake of 9/11 with guest Alex Dill.

Ed. Note: Five years ago, Tom Fox looked back on 9/11 in a 20-year retrospective. This week is the 25th anniversary of that event. We will be rerunning this award-winning podcast so we never forget. On the 20th anniversary of the 9/11 terrorist attack, Tom Fox and guests look back on the tragic event and what it meant for them personally, as well as how it impacted the world of compliance. Today Tom’s guest is Alex Dill. Alex is a scholar and professor specializing in financial regulation, risk management, and compliance. He also has corporate experience in ​the ethics of business practices in finance, bankruptcy, bond covenants, and debt markets. He joins Tom to discuss the Patriot Act’s impact on responding to terrorist threats. How 9/11 Changed AML Before 9/11, AML regulations were very lax and backward-looking. The focus was on prosecuting crimes already committed and on money laundering more than on terrorist financing. Banks weren’t doing meaningful customer due diligence because they felt the process was invasive. After 9/11, this all changed. Law enforcement agencies and financial institutions revamped their policies and procedures to take a more preventive approach to…

People in this episode

Host: Thomas Fox

Guest: Alex Dill

Topics covered

• 9/11 anniversary
• Patriot Act
• AML regulations
• terrorist financing
• financial compliance

Keywords

• 9/11
• Patriot Act
• AML
• terrorist threats
• financial regulation

Mentioned in this episode

Organizations: Patriot Act, AML

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• 9/11 Twenty-Five Years Later: Part 4: Eric Feldman – A Wake Up Call · September 9, 2026 · 17 min
• 9/11 Twenty-Five Years Later: Part 2: Juan Zarate - The Treasury Department Responds · September 7, 2026 · 19 min
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