STABLE POOR STATES HAVE ABILITY TO PASS LAWS AND CREATE FIU’S, BUT STRUGGLE WITH IMPLEMENTING SYSTEMS
August 1st, 2011
BY MARIANNE BROWN
STABLE large developing countries have obvious advantages over small states and those facing civil conflict, in terms of creating effective anti-money laundering (AML) and combating the financing of terrorism (CFT) systems. But given many are today in the throes of rapid economic growth and transformation into consumer societies, their governments have a lot of priorities to juggle, and keeping close tabs on dirty money might not be one of them.
Vietnam is an excellent case study. In the past 15 years, it has shot from a planned to market-based ...
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