Fighting Financial Crime: Who Designs Global Governance and Who Does The Work?

Abstract

Fighting financial crime is a highly institutionalised global governance task. At a time of crisis for many of the institutions of global governance, tackling money laundering and combatting terrorist financing through global cooperation continues to be a priority for public officials. The global regime, if anything, is intensifying. This essay provides an overview of the regime’s development and addresses questions of design and implementation. It is structured around three sets of questions: (1) What does the regime look like and what is it for? (2) Who does the work? (3) And, in conclusion, what can we say about winners and losers?