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24 Hous. J. Int'l L. 279 (2001-2002)
Cleaning up Anti-Money Laundering Strategies: Current FATF Tactics Needlessly Violate International Law

handle is hein.journals/hujil24 and id is 287 raw text is: CLEANING UP ANTI-MONEY LAUNDERING STRATEGIES: CURRENT FATF TACTICS NEEDLESSLY VIOLATE INTERNATIONAL LAW* Todd Doyle** I. INTRODUCTION ................................................................. 280 II. BACKGROUND ................................................................... 283 A. What Is Money Laundering? ..................................... 283 B. The Scope of the Problem .......................................... 284 C. Efforts to Clean up Money Laundering .................... 286 1. The United States ................................................ 286 2. International Endeavors: Generally .................... 290 3. The Financial Action Task Force ........................ 292 III. PROBLEMS WITH THE CURRENT ANTI-LAUNDERING STRATEGY ........................................................................ 298 A. Threatened FATF Sanctions Violate International L aw ........................................................................... 298 1. United Nations Charter ....................................... 299 2. FATF Sanctions Would Violate the Vienna Convention of 1988 .............................................. 303 3. FATF Sanctions Would Run Contrary to the This Article received the James Baker Hughes Prize. This prize is awarded annually to the best student-written paper on international economic law. Ph.D., University of Toledo, Candidate for J.D. Degree, Brooklyn Law School, 2002. Dr. Doyle is a fellow in Brooklyn Law School's Center for the Study of In- ternational Economic Law, and gratefully acknowledges the assistance of Professor Roberta Karmel, co-director of the Center, for her comments on earlier drafts of this Ar- ticle. This Article was written before the events of September 11, 2001 and the resulting War on Terrorism. Every effort has been made to incorporate changes to the legal landscape that have occurred since that time, but publication deadlines have made a full-scale revision of this Article impractical. 279

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