Most Recent Issue

Combating Threats to the International Financial System: The Financial Action Task Force

Introduction by William P. LaPiana

The U.S. legal profession is not as familiar with the Financial Action Task Force (FATF) as it should be. That is perhaps the single most important message of this issue published by the New York Law School Law Review, which now makes available to everyone the information and analyses presented at the April 25, 2013 symposium…Read more

The Financial Action Task Force and the Legal Profession by Duncan E. Osborne

The Financial Action Task Force (FATF) was established in 1989 by the G7 nations (United States, United Kingdom, Germany, France, Italy, Japan, and Canada), the European Commission, and eight other countries.1 The FATF was created “to adopt and implement measures designed to counter the abuse of the financial system by criminals.”…Read more

The Role of Lawyers in Combating Money Laundering and Terrorist Financing: Lessons from the English Approach by John A. Terrill, II and Michael A. Breslow

The international efforts to fight money laundering (often referred to as “antimoney laundering efforts” or AML) and to combat the financing of terrorism (often referred to as CFT) have a long history. The efforts of the Financial Action Task Force (FATF) began in earnest in the mid-1980s with the original Forty Recommendations (the “Recommendations”), which initially focused on committing member jurisdictions to adopt legislation and regulation to compel financial institutions to participate in the AML and CFT effort…Read more

Lawyer Ethics and the Financial Action Task Force: A Call to Action by Jack P. Sahl

Investigations and prosecutions of money laundering and terrorist financing
crimes attract global media attention. Academic institutions and professional
organizations are devoting more attention to these crimes and their consequences amidst a growing consensus that money laundering and terrorist financing activities
pose a significant risk to the economic, political, and social order of nations…Read more

U.S. Legal Profession Efforts to Combat Money Laundering & Terrorist Financing by Laurel S. Terry

New York Law School’s April 2014 symposium entitled “Combating Threats to the International Financial System: The Financial Action Task Force” was the first law school symposium to address the impact of the Financial Action Task Force (FATF) on the legal profession…Read more

Compliance Convergence in FATF Rulemaking: The Conflict Between Agency Capture and Soft Law by Saby Ghoshray

Large-scale financial systems are vulnerable to external stressors that threaten their stability. These stressors include money laundering and terrorist financing, each capable of causing long-term systemic risks to the global financial system. This was seen following the September 11, 2001 attacks and during the global financial crisis of 2008. In both instances, agencies and supranational bodies responded with more expansive regulatory strategies…Read more

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Law Review Diversity Report

In 2011, 2012 and 2013, the New York Law School Law Review published its law review diversity reports examining female and minority student representation among law review membership and leadership nationwide. The reports are based on research conducted in collaboration with Ms. JD and include results based on surveys of the flagship, general interest law review or journal at ABA-approved law schools. More information is available here.