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Fighting Financial Crime: A Global Governance Perspective

Introduction

Financial Action Task Force (FATF) is an inter-governmental organization that plays a crucial role in protecting the global financial system against money laundering, terrorist financing, and proliferation of weapons of mass destruction. This article provides insights into FATF’s efforts to shape anti-money laundering policies and practices globally.

The Role of FATF

• Develops and promotes policies to protect the global financial system
• Combats money laundering, terrorist financing, and proliferation of weapons of mass destruction

Questions for Discussion

• Key Actors in Global Governance: Who are the key actors involved in designing global governance for fighting financial crime?
• Private Sector Involvement: What is the impact of private sector involvement in combating money laundering and terrorist financing?
• Risk-Based Approach: How effective is the risk-based approach in regulating financial institutions against money laundering and other financial crimes?

Analysis and Future Research Directions

To answer these questions, one could analyze the references provided, as well as consult additional academic sources on the topic. By exploring these questions, researchers can gain a deeper understanding of the complex issues surrounding financial crime and global governance.

References

(Note: The actual references are not included in the original text, so I left this section blank. If you provide the actual references, I’d be happy to fill them in!)