The OECD and Crime: The Fight against Corruption and Money Laundering

Anja P. Jakobi

in Mechanisms of OECD Governance

Published in print September 2010 | ISBN: 9780199591145
Published online September 2010 | e-ISBN: 9780191594601 | DOI:
The OECD and Crime: The Fight against Corruption and Money Laundering

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Chapter 7 analyzes OECD activities in the field of crime control, focusing on corruption and money laundering. Both aspects have witnessed growing international concern during the 1990s, and various international activities have been started to criminalize and prosecute corruption and money laundering across countries. While each of these crimes seriously impact both politics and the economy, the political solutions found in the context of the OECD have been very different: Corruption has been tackled by an OECD convention and emerged as a core issue of OECD activities and publications, while money laundering has been treated by the Financial Action Taskforce (FATF), a semi‐autonomous agency that is formally independent of the OECD but is based in the organization's building and has a widely overlapping membership. The chapter reconstructs the political process that led to the emergence of both models, showing how different conditions on the input side resulted in different models of fighting financial crime.

Keywords: OECD; corruption; money laundering; FATF; international political economy; USA; compliance; global governance

Chapter.  8469 words.  Illustrated.

Subjects: International Relations

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