Abstract
The Financial Action Task Force (FAFT) is the foremost global standard setting body on matters of money laundering and terrorism financing. It is an informal expert body overseen by a network of finance ministers of the G20 and about 17 other larger economies of the world. The FATF in its July 2017 plenary meeting decided to explore ways of transforming itself into a formal international organization. International institutional law discourse, particularly in connection with a previous similar re-organization talk of the OSCE, seems to propose that transformation into legal personhood is a definite good news for accountability. This paper re-examines this understanding in light of the facts of the FATF and global governance scholarship, and qualifies it in specific ways. It shows distinct doctrinal and practical ways in which international legal personality, when injected in the context of preexisting informal existence of an international organization, could both enhance and foreclose accountability.
| Original language | English |
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| Publication status | Published - 30 Nov 2017 |
| Event | International conference 'Unpacking the Accountability Paradox' at Erasmus School of Law - Rotterdam Duration: 30 Nov 2017 → … |
Conference
| Conference | International conference 'Unpacking the Accountability Paradox' at Erasmus School of Law |
|---|---|
| City | Rotterdam |
| Period | 30/11/17 → … |
Research programs
- SAI 2010-01 RRL
