Introduction : policy diffusion and anti-money laundering -- Money laundering and anti-money laundering -- An indirect test of effectiveness -- A direct test of effectiveness -- Blacklisting -- Socialization and competition -- Conclusions : implications for scholarship and policy

Regulatory pressure on international banks to fight money laundering (ML) and terrorist financing (TF) increased substantially in the past decade. At the same time there has been a rise in the number of complaints of banks denying transactions or closing the accounts of customers either based in...

Intro -- Contents -- Acknowledgments -- Introduction: Policy Diffusion and Anti-Money Laundering -- 1. Money Laundering and Anti-Money Laundering -- Part One: Does Anti-Money Laundering Policy Work? -- 2. An Indirect Test of Effectiveness -- 3. A Direct Test of Effectiveness -- Part Two: Why Has...