The regime that FATF built: an introduction to the Financial Action Task Force

This article serves to introduce this special issue of Crime, Law, & Social Change on the Financial Action Task Force (FATF). It provides a primer on the history and purpose of FATF and lays out some of the central debates over FATF and the anti-money laundering (AML) regime. Finally, as a way of giving readers an overview of the articles in the special issue, it proposes a series of themes that academics and practitioners should consider in future research and work with FATF.     

Retrospectives and Prospectives on Hurricane Katrina: Five Years and Counting

New Orleans’ recovery from the damage caused by Hurricane Katrina in 2005 reflects a long, complex, contentious process that still is not complete. In this article, the authors explore the key factors that have supported and hindered recovery so far. Initial conditions within the city, the web of policy demands, as well as recent changes in law and procedures for the region are explored using a new model that may be applicable to other severe disasters. Any recovery, the authors conclude, must be anchored within a local context, but only with necessary administrative backing from the wider region and society. Recovery from disaster offers a rare opportunity to rebuild damaged communities into more resilient ones when energy and investment are immediately channeled into the stricken region and focused in a constructive redesign that acknowledges environmental risk. The recovery process then shifts to mitigation and reduction of risk. Hence, cities will be better prepared for the next extreme event, which will surely come.     

Is Age Irrelevant? Perceptions of Young and Old Adult Eyewitnesses

In Experiment 1, we videotaped elderly and younger adults (n = 69) reporting their memories for a crime video. The seniors were significantly less accurate than the younger adults. In Experiment 2, participants viewed the testimony videotapes and rated the elderly as less credible than the younger adults. In Experiment 3, participant-jurors (n = 302) evaluated transcribed testimonies provided by Experiment 1 participants. The ostensible age of the witnesses was manipulated. Thus, some participants read a senior's testimony believing it was provided by a younger adult and vice versa. Participants were apparently not biased by negative stereotypes of seniors' eyewitness capabilities.     

Re-thinking FATF: an experimentalist interpretation of the Financial Action Task Force

Most explanations of the Financial Action Task Force argue that material coercion plays a key role in the consolidation and diffusion of the global anti-money laundering regime. This paper looks carefully at the decision-making within FATF and argues that, at its most impactful, FATF operates in line with the principles of “experimentalist governance.” Experimentalism emphasizes broad, participatory standard setting, contextualized implementation, intensive but diagnostic monitoring, and routinized updating in light of experience. The paper discusses the differences between the more common understandings of FATF before laying out the principles of experimentalist governance. It outlines the experimentalist form of FATF decision-making. It then provides evidence of experimentalist decision-making in three important aspects of FATF: the evolution of blacklisting; the role of monitoring; and the continuing implementation of the risk-based approach.