The FATF in the Global Financial Architecture: Challenges and Implications

CASS Working Papers on Economics & National Affairs, EC001UC (2019)

21 Pages Posted: 2 Apr 2019 Last revised: 25 Jun 2019

See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); Centre for Aerospace & Security Studies (CASS)

Date Written: March 14, 2019

Abstract

The Financial Action Task Force (FATF) was formed in 1989 as part of an effort to toughen anti-money laundering and terrorist financing practices around the world. This working paper presents the audience with a critical background of the FATF, along with important critiques of its structure and approach. This allows for a close examination of the implications that the FATF might portend for potentially non-compliant jurisdictions, and how they must navigate the political dynamics of the task force whilst adhering to better financial oversight and management of their own accord so as to strengthen the global financial architecture and combat money laundering practices.

Keywords: Terrorism, Financial Action Task Force, APG, FATF, Money Laudering, Pakistan, Radicalism

Suggested Citation

Chohan, Usman W., The FATF in the Global Financial Architecture: Challenges and Implications (March 14, 2019). CASS Working Papers on Economics & National Affairs, EC001UC (2019). Available at SSRN: https://ssrn.com/abstract=3362167 or http://dx.doi.org/10.2139/ssrn.3362167

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

Centre for Aerospace & Security Studies (CASS) ( email )

Rawalpindi
Pakistan

Register to save articles to
your library

Register

Paper statistics

Downloads
215
Abstract Views
937
rank
144,078
PlumX Metrics