Doing Due Diligence: Forms of Moral Judgment in the Regulation of International Finance

该项目侧重于道德制裁对国际金融监管的影响。特别是，它探讨了道德制裁在当地的运作，因为离岸金融服务行业的人员对潜在客户做出的判断旨在减轻金融犯罪和洗钱。自20世纪90年代以来，加勒比国家一直试图使国家法律规范金融服务，使其符合国际“软法”中宣布的全球规范：不具约束力的国际原则、建议和行为规则。拟议的研究通过调查当地行为者将自己的规范系统和判断纳入构成遵守的实践并将其纳入更大的解释社区时，全球规范的潜在转变，来检查实现遵守后会发生什么。PI的假设是，不同位置的主体在处理涉及后合规制度的日常工作时，会聚集不同的道德话语，并以不同的方式解释新兴的国际规范，这有可能重塑这些国际规范以及颁布这些规范的更广泛的社区。特别是，它假设，在加勒比地区，一种长期存在的道德评价文化形式——体面/声誉二分法——正在塑造对税收竞争的遵守和改变全球话语。拟议的研究将有助于三个领域的学术辩论：a)国际软法、跨国问题网络和全球伦理与全球化的相关性；B)金融中心的比较研究；c)官僚主义和金融人类学。拟议中的研究还将有助于有关金融监管的政策辩论，在各国以国家主权的名义抵制国际“硬法”时，促进全球规范和道德制裁，以及禁止洗钱。它还将通过使用将学习档案方法和统计程序的研究生研究助理来促进教学和培训。政策政策研究所还将在本项目完成后举行一次关于国际金融管理新形式的会议，以便促进研究并试图减轻有害税收竞争的学者和政策顾问之间的多学科对话。

This project focuses on the effect of moral sanctions on the regulation of international finance. In particular, it explores the operationalization of moral sanctions on the ground, as persons in the offshore financial services industry make judgments about potential clients that are meant to mitigate financial crime and money laundering. Since the 1990s, Caribbean states have attempted to bring state law regulating financial services into compliance with global norms proclaimed in international "soft law:" non-binding international principles, recommendations, and rules of conduct. The proposed research examines what happens after compliance has been achieved, by investigating potential transformations of global norms when local actors bring their own normative systems and judgments to the practices that constitute compliance and as they get incorporated into larger communities of interpretation. The PI hypothesizes that differently positioned agents muster different moral discourses and interpret emerging international norms differently as they go about the daily work involved in post-compliance regimes, and that this has the potential to reshape those international norms and the broader community that promulgates them. In particular, it hypothesizes that, in the Caribbean, a longstanding cultural form of moral evaluation -- the respectability/reputation dichotomy -- is shaping compliance with and transforming global discourse on tax competition. The proposed research will contribute to three areas of scholarly debate: a) the relevance of international soft law, transnational issue networks and global ethics to globalization; b) the comparative study of financial centers; and c) the anthropology of bureaucracy and finance. The proposed research will also contribute to policy debates about the regulation of finance, the fostering of global norms and moral sanctions when states resist international "hard law" in the name of national sovereignty, and money laundering interdiction. It will also advance teaching and training through the use of graduate research assistants who will learn archival methods and statistical procedures. The PI will also conduct a conference on new forms of regulation for international finance, to be held after the completion of this project, in order to facilitate multidisciplinary dialogue among scholars and policy advisors who conduct research on and are attempting to mitigate harmful tax competition.