Social and Behavioral Sciences Commons^™

The Treasury Of Stories: Policy Narratives Of Anti-Illicit Finance, Paul Christopher Kemp

Electronic Theses and Dissertations

This dissertation explores how the US government identifies and responds to the problem of illicit finance, specifically, why the US Treasury utilizes certain approaches over others. I employ a comparative case study of three relatively recent, non-traditional approaches in the Treasury’s anti-illicit finance repertoire: targeted financial sanctions (a case of strong policy action), anti-money laundering in real estate (a case of tentative policy action), and the proposed demonetization of high denomination notes (a case of policy inaction). While considering a wide range of plausible explanations for this variation in policy action, I argue that the Treasury’s decision to either …