This is another piece of the puzzle that no one is talking about. The Clinton administration thought it was important to track and cut off the means for OBL to transfer money. Apparently not a priority for *.
http://www.cnn.com/ALLPOLITICS/time/2001/10/22/secrecy.html(I think this article appeared in Time)
By Adam Cohen
Reported by Michael Weisskopf and Adam Zagorin/Washington, Donald L. Barlett and James B. Steele/New York
October 15, 2001 Posted: 2:45 p.m. EDT (1845 GMT)
The U.S. was all set to join a global crackdown on criminal and terrorist money havens earlier this year. Thirty industrial nations were ready to tighten the screws on offshore financial centers like Liechtenstein and Antigua, whose banks have the potential to hide and often help launder billions of dollars for drug cartels, global crime syndicates--and groups like Osama bin Laden's al-Qaeda organization. Then the Bush Administration took office.
Officials from the banking-industry-friendly Center for Freedom and Prosperity sat down with top Bush economic advisers Larry Lindsey and R. Glenn Hubbard and urged them to keep the U.S. out of the coalition and firmly support the status quo in many tax havens. The group's pitch: Americans should be free to seek out lower tax rates anywhere in the world; competition from tax havens helps keep tax rates in the U.S. down. The conservative Heritage Foundation met with Treasury Secretary Paul O'Neill and presented a similar argument. And the C.F.P. helped Don Nickles of Oklahoma, the No. 2 Republican in the Senate, draft a letter to O'Neill applying still more pressure.
By June, the lobbyists got what they wanted. O'Neill told the Organization for Economic Cooperation and Development (OECD), which was leading the campaign against tax havens, that the U.S. was out. And without the world's financial superpower, the biggest effort in years to rid the world's financial system of dirty money was short-circuited. America's European allies "will be very upset," the Heritage Foundation's point man on the issue declared in the Washington Post, but the global war on offshore banking was "dead, and thank goodness for that."