In this episode of Dollar & Sense, David Dollar is joined by Tom Keatinge to discuss the ramifications Brexit will have on the United Kingdom’s use of financial sanctions and regulation of financial crime.
Italy’s new government, devoted to nursing the economy back to health and reliant on far-right populist parties, may be tempted to curtail the country’s active foreign military missions. It should resist this temptation, for such missions give Italy an international profile and standing that far outweighs the costs involved.
The announced review of the UK’s anti-money laundering and counter-terrorist finance regime under the Cutting Red Tape programme sends mixed policy messages at a sensitive time. The focus on increasing supervisory effectiveness is the right one, but must be delicately balanced with the need to strengthen the UK’s illicit finance defences.
On 7 September 2015 the British prime minister controversially announced that two British citizens had been killed in RAF drone strikes. The point is not so much that they were British but that he was targeted in an area that the UK does not currently regard, legally, as an operational theatre of war for UK forces.
International anti-money laundering and counter-terrorism finance (AML/CTF) standards are largely governed by the Financial Action Task Force (FATF). FATF’s strength rests on its ability to demonstrate that its efforts are advancing global AML/CTF. But is FATF free from challenges to its own existence?