This edited volume examines the reconstitution of the public security domain since the 9/11 attacks, focusing on the banking sector and anti-money laundering (AML) activity in particular.
Since the inception of the ‘Financial Action Taskforce’ (FATF) in 1989, AML has been viewed as a global problem. This text argues that the securitization of the financial sector as a result of AML has entailed the emergence of a new public security domain, which transcends the classic public-private divide.
The analysis in the volume is multidisciplinary and combines concepts and theories from the literature on securitization, the public-private divide, and business/management. The authors argue that the state is under transformation and that the developments in the security field are part of an ongoing renegotiation of the relationship between the state and the business sector. Securitization, Accountability and Risk Management therefore contributes to a deeper understanding of how the power relationships have changed between the public and the private sectors after 9/11.
This interdisciplinary book will be of much interest to students of critical security, risk management, business studies, critical legal studies and IR in general.
Table of Contents
1. Introduction: Securitization, Accountability and Risk Management: Transforming the Public Security Domain Karin Svedberg Helgesson and Ulrika Mörth 2. The FATF as the Central Promoter of the Anti-Money Laundering Regime Anja P. Jakobi 3. The EU Anti-Money Laundering Legal Regime Sideek M. Seyad 4. Anti-Money Laundering in the United States Jan Hallenberg 5. The Managerialization of Security Michael Power 6. Tools and Securitization: The Instrumentation of AML/CTF Policies in French Banks Gilles Favarel-Garrigues, Thierry Godefroy and Pierre Lascoumes 7. Trace My Money if You Can: European Security Management of Financial Flows Anthony Amicelle 8. The Multiple Positions of Private Actors in Securitization Karin Svedberg Helgesson 9. Conclusions: The Manifestations of Securitization Karin Svedberg Helgesson and Ulrika Mörth
Karin Svedberg Helgesson is Associate Professor at the Department of Management and Organization, Stockholm School of Economics.
Ulrika Mörth is Professor at the Department of Political Science, Stockholm University.