Abstract

http://ssrn.com/abstract=1925324
 
 

Footnotes (11)



 


 



The Financial Action Task Force and the AMLA of the Philippines: Dynamics between Veto Players and a Non-Veto Player in Policymaking


Dr. Bing Baltazar C. Brillo


University of the Philippines Los Banos

2011

Banwa Social Science Journal, Vol. 7, No. 1, pp. 40-68, 2010

Abstract:     
The article is about the dynamics between an international organization and the institutional actors vis-a-vis the policymaking process. It argues that the Anti-Money Laundering Law (AMLA) was exogenously driven, as the policy was instigated purely by external demand and enacted under external pressure. AMLA is considered an imposition of the Paris-based intergovernmental organization, the Financial Action Task Force (FATF). The swiftness of the enactment of AMLA exemplifies the immense influence that an international financial organization can have on the policy actors as well as on the policymaking process. The policymaking process in this type of institutional engagement — between institutional actors (executive and legislature) within a polity and an international organization — is efficient in producing a policy output. However, the process represents an issue of international override on a state, as a nonveto player dictates to the institutional veto players. This experience supports the global pattern that, in issues associated with global financial standards, policymaking will less be shaped by the institutional actors and will extensively be defined by international actors. The making of AMLA presents an archetype of how international organizations can hold sway over the state.

Number of Pages in PDF File: 24

Accepted Paper Series





Download This Paper

Date posted: September 11, 2011 ; Last revised: May 11, 2013

Suggested Citation

Brillo, Dr. Bing Baltazar C., The Financial Action Task Force and the AMLA of the Philippines: Dynamics between Veto Players and a Non-Veto Player in Policymaking (2011). Banwa Social Science Journal, Vol. 7, No. 1, pp. 40-68, 2010. Available at SSRN: http://ssrn.com/abstract=1925324 or http://dx.doi.org/10.2139/ssrn.1925324

Contact Information

Bing Baltazar C. Brillo (Contact Author)
University of the Philippines Los Banos ( email )
Department of Social Sciences
Feedback to SSRN


Paper statistics
Abstract Views: 201
Downloads: 31
Footnotes:  11

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.250 seconds