9296 - Money laundering - A transnational problem calling for transnational solutions?

The paper investigates the interplay between transnational regulation and national politics in the development of anti-money laundering (AML) regulations in Mexico. International regulative institutions like the Financial Action Task Force (FATF) conceptualize money laundering as a transnational problem. Organized crime groups use transnationally integrated financial markets in order to make their criminal proceeds appear legitimate and allow for their use in the legal economy. Differences between jurisdictions in their legislation and implementation are strategically employed by these groups through the various stages of the laundering process. Current AML efforts follow this logic in the design of their counter measures. The key argument is that in order to fight transnational crime effectively, a transnational governance approach is needed that homogenizes legislation and implementation across countries. The FATF tries to establish such a singular global enforcement regime through the promotion of its 40+9 Recommendations. This paper wants to take a critical look at this transnational governance approach, investigating its interplay with the national politics of AML regulation. It presents and analyses recent changes in Mexico’s AML legislation and implementation structure, asking how the transnational governance intervention of the FATF has been reshaped by politics emerging out of the national context.

Palabras claves: Anti-Money Laundering, FATF, Transnational Governance, Mexico, Security

Autores: Behrens, Timo (German Institute for International and Security Affairs (SWP), Germany / Deutschland)


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