23 February 2010
TNI Briefing - Countering illicit and unregulated money flows
In this issue of Crime & Globalisation, Tom Blickman tracks the history of the international anti-money laundering (AML) regime. Since its origin in 1989 there has been a growing awareness that the AML regime is not working as well as intended. After two decades of failed efforts, experts still ponder how to implement one that does work. The paper concludes that current initiatives have reached their sale-by date and that a bolder approach is required at the UN level, moving from recommendations to obligations, and fully engaging developing nations, at present left out in the current 'club'-oriented process.