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The bankers' blacklist : unofficial market enforcement and the global fight against illicit financing / Julia C. Morse.
- Format:
- Book
- Author/Creator:
- Morse, Julia C., author.
- Series:
- Cornell studies in money.
- Cornell scholarship online.
- Cornell studies in money
- Cornell scholarship online
- Language:
- English
- Subjects (All):
- Financial Action Task Force.
- Banks and banking, International.
- Money laundering--Prevention.
- Money laundering.
- Terrorism--Finance--Prevention.
- Terrorism.
- Physical Description:
- 1 online resource ( xv, 241 pages) : illustrations.
- Place of Publication:
- Ithaca : Cornell University Press, 2022.
- Summary:
- Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep 'bad money' out of the financial system, in the process drastically altering the domestic policy landscape and transforming banking worldwide. Trillions of dollars flow across borders through the banking system every day. While bank-to-bank transfers facilitate trade and investment, they also provide opportunities for criminals and terrorists to move money around the globe. To address this vulnerability, large economies work together through an international standard-setting body, the FATF, to shift laws and regulations on combating illicit financial flows. Morse examines how this international organisation has achieved such impact, arguing that it relies on the power of unofficial market enforcement.
- Contents:
- Introduction: cross-border banking in a globalized era
- A primer on international financial standards on illicit financing
- A theory of unofficial market enforcement
- The FATF's fight against illicit financing
- How the noncomplier list drives FATF compliance
- Unofficial market enforcement against listed countries
- Fighting illicit financing in Southeast Asia
- Conclusion: the power and peril of markets as enforcers.
- Notes:
- Also issued in print: 2022.
- Includes bibliographical references and index.
- Description based on online resource; title from PDF title page (viewed on May 3, 2022).
- Other Format:
- Print version: Morse, Julia C. Bankers' blacklist
- ISBN:
- 1-5017-6153-6
- OCLC:
- 1245249610
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