Regulatory regionalism and anti-money laundering governance in Asia

Hameiri, Shahar and Jones, Lee (2015) Regulatory regionalism and anti-money laundering governance in Asia. Australian Journal of International Affairs, 69 2: 144-163. doi:10.1080/10357718.2014.978737

Author Hameiri, Shahar
Jones, Lee
Title Regulatory regionalism and anti-money laundering governance in Asia
Journal name Australian Journal of International Affairs   Check publisher's open access policy
ISSN 1035-7718
Publication date 2015
Sub-type Article (original research)
DOI 10.1080/10357718.2014.978737
Open Access Status Not Open Access
Volume 69
Issue 2
Start page 144
End page 163
Total pages 20
Place of publication Melbourne, VIC, Australia
Publisher Routledge
Collection year 2016
Abstract With the intensification of the Financial Action Task Force's (FATF's) worldwide campaign to promote anti-money-laundering regulation since the late 1990s, all Asian states except North Korea have signed up to its rules and have established a regional institution—the Asia/Pacific Group on Money Laundering—to promote and oversee the implementation of FATF's 40 Recommendations in the region. This article analyses the FATF regime, making two key claims. First, anti-money-laundering governance in Asia reflects a broader shift to regulatory regionalism, particularly in economic matters, in that its implementation and functioning depend upon the rescaling of ostensibly domestic agencies to function within a regional governance regime. Second, although this form of regulatory regionalism is established in order to bypass the perceived constraints of national sovereignty and political will, it nevertheless inevitably becomes entangled within the socio-political conflicts that shape the exercise of state power more broadly. Consequently, understanding the outcomes of regulatory regionalism involves identifying how these conflicts shape how far and in what manner global regulations are adopted and implemented within specific territories. This argument is demonstrated by a case study of Myanmar.
Keyword Economic governance
Money laundering
Regulatory regionalism
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
School of Political Science and International Studies Publications
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Created: Mon, 15 Feb 2016, 11:28:52 EST by Bronwyn Clare Crook on behalf of School of Political Science & Internat'l Studies