The Role of Extrinsic Motivation in Securing Actors’ Compliance with the International Anti-Money Laundering/Counterterrorist Financing Regime
Bibliographic Data
| ID | 12430435 |
|---|---|
| Authors | Reem Alshamsi (0000-0002-8637-4139, University of Birmingham Department of Political Science and International Studies Birmingham UK, corresponding author) |
| Year | 2023 |
| Volume | 29 |
| Issue | 3 |
| Pages | 295-321 |
| Publication date | 2023-10-10 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Global Governance A Review of Multilateralism and International Organizations (JOURNAL) |
| Journal identifiers | ISSN: 1075-2846 • E-ISSN: 1942-6720 |
| Publisher | Lynne Rienner Publishers (PUBLISHER • US) |
| DOI | 10.1163/19426720-02903001 |
| OpenAlex | W4387533822 |
| Language | EN |
| References cited | 20 |
The effectiveness of the Financial Action Task Force ( FATF ) international regime to govern anti-money laundering ( AML ) and counterterrorist financing ( CTF ) has been questioned since its establishment. In theory, the FATF ’s network of multilevel actors should protect the integrity of the international financial system. The empirical evidence in this article shows that the FATF has made a difference in ensuring states’ (official) compliance with its measures, using extrinsic motivation tools; for example, ranking noncompliant states. However, it argues that such motivation only ensures actors’ minimum compliance, meaning that the regime’s effectiveness is suboptimal, while fostering intrinsic motivation would improve actors’ performance. Therefore, it is essential to understand why actors comply with the FATF approach and how they could be persuaded to achieve better compliance so that the regime’s effectiveness is feasible. This article explores these questions, using interviews with thirty practitioners in three locations, supported by a qualitative analysis of documentary data
Business · Compliance (psychology · Economics · International law · International regime · Meaning (existential · Money Laundering · Political science · Public international law · Public relations · Ranking (information retrieval · Task force · Corruption and Economic Development · Crime, Illicit Activities, and Governance · Law · Political Conflict and Governance · Psychology · Public Administration · Social Psychology · Accounting · Finance
A Theory of Global Governance
The Development of an Attribution-Based Theory of Motivation
Extrinsic Rewards and Intrinsic Motivation in Education
Overcoming Inaction through Collective Institutional Entrepreneurship
The Oxford Handbook of Political Science
The Oxford Handbook of Governance
Intrinsic Motivation and Self-Determination in Human Behavior
After Hegemony
International Regimes
Global Standards in Action
Targeting Terrorist Financing
Global Governance and the Emergence of Global Institutions for the 21st Century
The other War on Terror revealed
The alternatives to war
Intrinsic and Extrinsic Motivations
Taking responsive regulation transnational
Coordination and collaboration
Words can hurt you; or, who said what to whom about regimes
International regimes
Regime dynamics
| Citation velocity | historical |
|---|---|
| Highly cited | No |