Julia C. Morse. 2022. The Bankers’ Blacklist: Unofficial Market Enforcement and the Global Fight Against Illicit Financing. (Ithaca: Cornell University Press). Michele Riccardi. 2022. Money Laundering Blacklists. (New York: Routledge). Nkechikwu Valerie Azinge-Egbiri. 2021. Regulating and Combating Money Laundering and Terrorist Financing: The Law in Emerging Economies. (New York: Routledge)

Excerpt

In 2009, on the heels of the US-turned-global financial crisis, the G20 met in Pittsburgh, Pennsylvania, USA, to begin laying plans for a reformed “global financial architecture.” Once again, a crisis had laid bare the extent of states’ financial interconnectivity and boosted demand for greater financial governance. Among the vital players in this supposedly new architecture was a little-known network called the Financial Action Task Force on Money Laundering, or FATF. (The words “on Money Laundering” were eventually dropped.) FATF was no doubt unfamiliar to most onlookers, including to most academics. While a small group of scholars had been publishing about FATF and the anti-money laundering (AML) regime since its formation in 1989, FATF mostly had flown under the collective radar. Even the normally prescient Susan Strange wrote that FATF was an empty vessel, created by the G7 in order to give the impression that they were doing something to fight the illicit narcotics trade (Strange, 1998). …