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the laws about government phone taps were loosened... <-- apex.

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What was the interest rate in 2001?

In 2001, the Federal Reserve's target federal funds rate began the year at 6.50% but was gradually lowered in response to economic conditions, particularly the aftermath of the dot-com bubble and the September 11 attacks. By the end of the year, the rate had been reduced to 1.75%. This series of rate cuts was aimed at stimulating the economy during a period of recession.


How did the twin towers crash?

Because on September 11, 2001, terrorists flew two hijacked planes into the towers, eventually killing a rough total of 2200 people.


What created J.P. Morgan Chase?

J.P. Morgan Chase is the result of a 2001 merger of Chase Manhattan, a retail banking powerhouse, and J.P. Morgan


When did Combating money laundering became a compelling priority for financial institutions on?

Combating money laundering became a compelling priority for financial institutions in the late 1980s and early 1990s, particularly following the implementation of the Bank Secrecy Act in the United States in 1970 and the establishment of the Financial Action Task Force (FATF) in 1989. The increasing recognition of money laundering's impact on global crime and terrorism solidified its importance. In subsequent years, regulatory frameworks and compliance requirements intensified, especially after events like the September 11 attacks in 2001, prompting institutions to enhance their anti-money laundering (AML) efforts.


How many workers did Lunaire Ltd. have in 2001?

Lunaire Ltd. had 200 employees in 2001