Creating Demand for Global Governance: The Making of a Global Money-laundering Problem*

In most studies on global governance, problems are treated as exogenous factors. Even constructivist global governance approaches normally concentrate on persuasion about global norms and rules, but take the existence of global problems as given. This ignores the fact that it may be necessary to persuade rule addressees of the existence of a problem in the first place. States comply with global rules voluntarily only if they agree that there is a problem. Hence international rule makers have to “problematise” the issue they attempt to regulate, i.e. to construct the issue as a global problem that requires global rules in order to be solved. This article inquires into the why and how of “problematisation” by international regulators. To this end it reconstructs how the Financial Action Task Force (FATF) has turned the issue of money-laundering, which was not considered a problem until the late 1980s, into a global problem requiring a global solution.