The rapid increase in regional and international initiatives and responses to the prevalence of money laundering and terrorist financing (ML/TF) have become necessary due to the deleterious impact of the crimes. These measures can be likened to “securitisation process” which is a process that identifies the threat of ML/FT as “hostile forces” which calls for persistent action to counter it. Thus, this paper examines the series of international and regional legal instruments and strategies designed to monitor and counter ML/TF activities and especially the Financial Action Task Force (FATF) Recommendations. The study reveals that all the instruments tend towards encouraging member states to adopt certain basic standards in combating and preventing ML/TF. It also reveals the peculiarities some nations are facing in adhering to set down global standards and best practices in combating the twin crimes of ML/TF. The paper concludes by offering an insight on the need to harmonise regional and international initiatives, methods and strategies in the fight against ML/TF. It also recommends robust international cooperation, legal assistance, exchange of information and intelligence in combating the menace.
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