Modiwl ASB-9062:
Intro to Fin Crime & Comp
Introduction to Financial Crime & Compliance 2023-24
ASB-9062
2023-24
Bangor Business School
Module - Semester 2
30 credits
Module Organiser:
Stephen Jones
Overview
The module introduces the concept of money laundering, and common typologies of these behaviours. This includes consideration of legal obligations, regulation risk assessment and the levels of diligence and reporting which are required to counter money laundering. In this introductory module learners are introduced to aspects of critical thinking to inform the tasks of due diligence and problem solving for financial intelligence purposes. They develop the ability to research academic and professional literature, present information in appropriate manners both written and oral for different audiences (regulatory, corporate as well as academic).
The module introduces the concept of money laundering, and common typologies of these behaviours. This includes consideration of legal obligations, regulation risk assessment and the levels of diligence and reporting which are required to counter money laundering. In this introductory module learners are introduced to aspects of critical thinking to inform the tasks of due diligence and problem solving for financial intelligence purposes. In addition they develop the ability to research academic and professional literature, present information in appropriate manners for different audiences (regulatory, corporate as well as academic).
Assessment Strategy
Threshold C- to C+ (50-59%): Satisfactory performance. No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. Knowledge of key areas/principles only. Weaknesses in understanding of some areas. Limited evidence of background study. Answer inadequately focused on task and with some irrelevant material and poor structure. Arguments presented but lack coherence. Minor factual/computational errors. Lacking original interpretation.
Good B- to B+ (60-69%): Good performance. Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. Understands most but not all concepts/issues. Evidence of background study. Focused answer with good structure. Arguments presented coherently. Mostly free of factual errors. Some limited original interpretation. Well known links between topics are described. Problems addressed by existing methods/approaches. Good presentation with accurate communication
Excellent standard: 70+ An outstanding performance, exceptionally able. The relevant information is accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
Learning Outcomes
- To comprehend the legal responsibilities, risks and obligations associated with money laundering in financial institutions
- To develop a critical comprehension of money laundering typologies and methods to counter this criminal act
- To foster appropriate report writing and presentation skills for financial intelligence purposes
- To identity and apply appropriate methods of due diligence in the context of financial intelligence and anti-money laundering
Assessment method
Report
Assessment type
Crynodol
Description
A report addressing the topic set about ‘Fundamentals of Anti-Money Laundering’, including reflection on the process of research and report preparation
Weighting
75%
Due date
13/08/2024
Assessment method
Individual Presentation
Assessment type
Crynodol
Description
Preparation and recording of a presentation related to the Fundamentals of AML component of the report
Weighting
25%
Due date
07/10/2024