are produced and enforced in this context. The main motor for the evolution of a global regime has been the FATF, in adopting guidelines and enforcing them world-wide. A fundamental issue in this regard, however, is that the FATF represents the interests of the developed world and thus its policies may fail to take into account the specific needs of countries outside of this club. The unilateral imposition and evaluation of standards by an ad hoc body differs significantly from negotiations and agreement of sovereign states within the auspices of an international organisation. The issue has broader implications, as the FATF standards are not only linked with the formation of economic policy, but have major implications for the receiving countries' legal systems, which have to implement guidelines that may still be controversial in the exporting countries. While a global response to money laundering is essential in view of the transnational nature of the phenomenon, this response would be more effective if based on as broad a consensus as possible.