Multistakeholder Initiatives to Combat Money Laundering and Bribery

Mark Pieth
Publication year: 
Working Paper 2, Basel Institute on Governance

This paper follows up on two recent examples of so-called 'multi-stakeholder initiatives' and discusses their creation, the respective political and legal context and gives some details on their operation in order to analyse them as current examples of the role of non-state actors in regulation. Finally, the paper addresses some of the critique levelled against these initiatives and discusses the challenges.