How effective is the Anti Money Laundering (AML) regime that has been built over the past two decades, and the more recent attempts by states and international organisations to control tax evasion, capital flight and curb tax avoidance and harmful tax competition?
The coca-cocaine issue has gained momentum by the ascending of a peasant leader to the presidency in Bolivia, who announced making a case for the de-scheduling of the coca leaf from it's current classification as a dangerous narcotic drug in the international drug control conventions. Time has come to clarify longstanding confusion on the distinction between the coca leaf and its principal derivate cocaine.
Numerous UN conferences and summits have been devoted to negotiating a harmonized global approach to illicit drugs. Yet more and more cracks are now beginning to appear in the supposedly universal model which is, in reality, based on a highly fragile consensus.
In 2007, the Transnational Institute (TNI) and the Washington Office on Latin America (WOLA) started a Latin American Informal Drug Policy Dialogue. The initiative was to modelled on the dialogue process in Europe that started in 2004. Purpose of the dialogue is to have an open-minded exchange of views on current dilemmas in international drug policy making and discuss strategies on how contradictions might be resolved.
Decades of efforts to reduce global drug supply using a combination of developmental and repressive means, managed to shift production from one country to another, but have failed in terms of global impact.