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?
As recent reports highlight the increasing risk of Daesh-inspired lone actor or small cell homeland terrorist attacks, an urgent recalibration of terrorist-finance disruption efforts is required to include both funds flowing to Syria/Iraq and those raised to be used at home.
The end of ambiguity about Pyongyang's nuclear capacity raises fundamental questions affecting China, the United States, and the future of international non-proliferation strategy. Indirectly, these consequences could actually work to the advantage of the West in its attempts to prevent Iran 'going nuclear'.
The UN Security Council is certain to impose sanctions on North Korea. But, since these are likely to involve – at least initially – just cutting off trade and diplomatic contacts, no significant impact is expected.