In recent months, global correspondent banking– the primary means by which the world moves money – has been looked towards as playing a potentially important role in the international fight against terrorism and money laundering. Rich with payment information and centralized at its core in a small group of global cash clearing banks, correspondent banking has become the focal point in the global debate on the most effective means to choke off the financing of terrorism and criminal activity. A small number of regulators from around the world have enacted laws attempting to address this issue, but no initiative to date exists to exploit its full potential on a global scale.