An Analysis of the Binding Basis of Financial Action Task Force Recommendations

One of the important actions of the international community in the fight against terrorism is the formation of the special Financial Action Task Force, and as a result, it is necessary to explain its validity and the basis of its binding force in international law. The present study evaluates the binding recommendations foundations in the framework of the sources of international law and normative hierarchy, in accordance with Article 38 of the Statute of the Court, as well as the supreme norms and the establishment of Jus Cogens, Erga omnes obligations and Article 103 of the Charter. The article seeks to answer an important question: Relying on what (classic or modern) international law sources the recommendations are considered binding. in this article, the role of Financial Action Task Forces has been examined accurately and dealing with their execution by states and other international subjects as well as the recommendation capacity to be invoked.