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

Centre for Aerospace & Security Studies (CASS); Critical Blockchain Research Initiative (CBRI); International Association of Hyperpolyglots (HYPIA); University of New South Wales (UNSW)

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)

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

Islamabad
Pakistan

Critical Blockchain Research Initiative (CBRI) ( email )

International Association of Hyperpolyglots (HYPIA) ( email )

HYPIA
www.polyglotassociation.org
Montreal, Quebec
Canada

University of New South Wales (UNSW) ( email )

Kensington
High St
Sydney, NSW 2052
Australia

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
2,041
Abstract Views
6,687
Rank
14,493
PlumX Metrics