This study considers the impact of the FATF’s greylisting process from a market perspective. The results are intended to inform the development of public policy and improvement of market signalling. The study develops a theoretical market impact model and identifies the indicators which may...

Purpose – The purpose of this paper is to identify key questions that should be addressed to enable the Financial Action Task Force (FATF) to provide guidance regarding the alignment of anti-money laundering, combating of financing of terror and financial inclusion objectives....

Purpose – The purpose of this paper is to explore the relationship between anti-money laundering (“AML”) and combating of financing of terrorism (“CFT”) customer due diligence (“CDD”) measures in the financial services industry, and exclusion from financial services....

During the 1990s economic crime began to spiral in South Africa. This phenomenon coincided with the country's transition to a democratic state. The article outlines a number of steps that South Africa took to align its laws with international standards and to improve the legal tools of law...

In 2012, the University of Washington School of Law held a conference to examine the impact of the 2012 Revised Financial Action Task Force standards for combating money laundering and combating terrorism and proliferation financing on the use of mobile money in developing countries as a...

Financial regulators are challenged to respond to the innovation opportunities presented by financial technology (fintech). Current rules are not necessarily sufficient or effective to adequately regulate new business models and new products relating to innovations such as crypto assets or...

While corporate non-compliance receives much attention, conservative and over-compliant responses are often ignored. These responses go beyond what is required by a particular regulatory requirement. In many cases, regulators may support such responses because they advance regulatory objectives....

Since 2014, the policy focus on large-scale bank account closures of remittance service providers – generally called ‘de-risking' – intensified internationally as well as in Australia. While the dilemma of these providers is the result of a complex combination of factors, money laundering...

The working paper was drafted to meet the 31 August 2020 deadline of the Financial Action Task Force's public consultation process relating to the extension of the risk-based approach to proliferation financing. The paper draws primarily on recommendations made in our research papers over the...