Australian Institute of Criminology

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Following the money: the diffusion and effectiveness of the global regime to counter money laundering and terrorist financing

74 Leichhardt Street, Griffith, ACT
12 March 2008

Associate Professor Jason Sharman
Griffith University

This seminar will investigate the diffusion and effectiveness of the system of rules and regulations that cover anti-money laundering.

The project has two main aims:

  • to discover how anti money laundering (AML)/ countering the financing of terrorism (CFT) standards have been spread so rapidly to so many countries with so little in common. Vastly different domestic circumstances have seemed to make little difference in whether, when and how states adopt an almost identical package of laws and standards.
  • to assess whether the new regime actually works. Surprisingly, the international organisations that have played the predominant role in designing and spreading the new AML/CFT rules and methods do not assess whether these rules are effective in countering money laundering and terrorist finance.

About the speaker

Jason Sharman is an Associate Professor at Griffith University, working jointly at the Centre for Governance and Public Policy, and the Griffith Asia Institute. He received his Ph.D. in political science from the University of Illinois at Urbana-Champaign. Sharman's research is currently focused on the regulation of global finance, especially as it relates to money laundering, tax and offshore financial centres. He has worked as a consultant for the World Bank FIRST Initiative, the Commonwealth Secretariat, the Financial Action Task Force and the Asia-Pacific Group on Money Laundering. His latest book, Havens in a storm: the struggle for global tax regulation, was published by Cornell University Press in 2006.

No paper available