03296nam 2200601 450 991081858240332120220324151627.01-5017-6153-610.1515/9781501761522(CKB)5600000000015023(OCoLC)1245249610(MdBmJHUP)musev2_94399(MiAaPQ)EBC6513169(Au-PeEL)EBL6513169(DE-B1597)582768(DE-B1597)9781501761522(OCoLC)1301549926(StDuBDS)EDZ0002755194(EXLCZ)99560000000001502320220412d2022 fy| 0engur|||||||||||txtrdacontentcrdamediacrrdacarrierThe bankers' blacklist unofficial market enforcement and the global fight against illicit financing /Julia C. Morse[electronic resource]Ithaca :Cornell University Press,2022.1 online resource ( xv, 241 pages) illustrationsCornell studies in moneyCornell scholarship onlineAlso issued in print: 2022.1-5017-6151-X 1-5017-6152-8 Print version: Morse, Julia C. Bankers' blacklist Ithaca [New York] : Cornell University Press, 2021 9781501761515 (DLC) 2021009273 Includes bibliographical references and index.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.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.Cornell studies in money.Cornell scholarship online.Banks and banking, InternationalMoney launderingPreventionTerrorismFinancePreventionBanks and banking, International.Money launderingPrevention.TerrorismFinancePrevention.364.4Morse Julia C.1679906StDuBDSStDuBDSBOOK9910818582403321The bankers' blacklist4048508UNINA