Features and shortcomings of world system of counteraction to money laundering and financing of terrorism

Abstract

Main institutions of world system of counteraction to ML/FT are considered. It is found that it is a network based on multilateral participation in procedures of monitoring of the movement of illegal financial flows. Its main features are heterogeneity in the status, experience, the list of participants of FATF-style bodies, a possibility of influence of participants on the course and results of monitoring.