000 03715cam a2200445 i 4500
999 _c90408
_d90408
005 20250506135142.0
008 210309t20212021nyum b a001 0 eng
015 _aGBC1K0165
_2bnb
020 _a9781501761515
_qhardcover
020 _a150176151X
_qhardcover
020 _z9781501761539
_qelectronic book
020 _z9781501761522
_qelectronic book
035 _a(OCoLC)1245251500
040 _aNIC/DLC
_beng
_erda
_cDLC
_dYDX
_dOCLCO
_dBDX
_dOCLCF
_dUKMGB
_dYDX
_dOCLCO
_dVTU
_dOCLCO
_dCTU
041 _aeng
042 _apcc
050 0 0 _aHG3881
_b.M646 2021
082 0 0 _a364.4
_223
100 1 _aMorse, Julia C.,
_eauthor.
245 1 4 _aThe bankers' blacklist :
_bunofficial market enforcement and the global fight against illicit financing /
_cJulia C. Morse.
246 3 0 _aUnofficial market enforcement and the global fight against illicit financing.
264 1 _aIthaca, New York :
_bCornell University Press,
_c2021.
264 4 _c�2021.
300 _a1 online resource (xv, 241 pages ):
_billustrations
336 _atext
_btxt
_2rdacontent.
337 _acomputer
_bc
_2rdamedia.
338 _aonline resource
_bnc
_2rdacarrier.
490 1 _aCornell studies in money.
504 _aIncludes bibliographical references (pages 185-234) and index (pages 235-241)
505 0 _aIntroduction: Cross-border banking in a globalized era -- A primer on international financial standards on illicit financing -- A theory of unofficial market enforcement -- The FATF's fight against illicit financing -- How the noncomplier list drives FATF compliance -- Unofficial market enforcement against listed countries -- Fighting illicit financing in Southeast Asia -- Conclusion: The power and peril of markets as enforcers.
520 _aIn The Banker's Blacklist, Julia C. Morse demonstrates how the Financial Action Task Force (FATF) has enlisted global banks in the effort to keep "bad money" out of the financial system, in the process drastically altering the domestic policy landscape and transforming banking worldwide. Trillions of dollars flow across borders through the banking system every day. While bank-to-bank transfers facilitate trade and investment, they also provide opportunities for criminals and terrorists to move money around the globe. To address this vulnerability, large economies work together through an international standard-setting body, the FATF, to shift laws and regulations on combating illicit financial flows. Morse examines how this international organization has achieved such impact, arguing that it relies on the power of unofficial market enforcement{u2014}a process whereby market actors punish countries that fail to meet international standards. The FATF produces a public noncomplier list, which banks around the world use to shift resources and services away from listed countries. As banks restrict cross-border lending, the domestic banking sector in listed countries advocates strongly for new laws and regulations, ultimately leading to deep and significant compliance improvements. The Bankers' Blacklist offers lessons about the peril and power of globalized finance, revealing new insights into how some of today's most pressing international cooperation challenges might be addressed--Publisher's description.
610 2 0 _aFinancial Action Task Force.
650 0 _aBanks and banking, International.
650 0 _aMoney laundering
_xPrevention.
650 0 _aTerrorism
_xFinance
_xPrevention.
655 4 _aElectronic resource.
830 0 _aCornell studies in money.
856 4 0 _uhttps://research.ebsco.com/linkprocessor/plink?id=14ac2373-2276-3fa7-bef1-8446d0c84d30
_yFull text available at EBSCOhost Click here to view
942 _2ddc
_cER