module specification

The module will examine the nature, risks from and remedies for specific financial crimes, and evaluate national legislation and international conventions dealing with these specific crimes.

The module will consider the liability of those participating in these crimes and the possible defences available. You will examine the risks from and remedies for white-collar crime, and evaluate national legislation and international conventions dealing with white-collar crime. You will also be able to identify types of criminal behaviour, determine the liability of those participating in that behaviour, analyse and apply the defences available for defendants, and identify the importance and use of computers and the internet in white-collar crime.

This module aims to provide a detailed, critical and evaluative knowledge of Global Financial Crime, specifically Fraud, Insider Dealing & Market Abuse and Money Laundering.

MODULE AIMS

On successful completion of this module, you will be able to:

• appraise the international importance of Financial Crime and Money Laundering in a modern global economy;
• have a critical understanding of the influence of European Law on Financial Crime and Money Laundering;
• appreciate the commercial importance of Global Financial Crime
• critically evaluate the impact of global and commercial policy issues relating to Financial Crime and Money Laundering

No pre-requisites. Not available for Study Abroad.

The module will consider the Criminal offences that are encountered in the financial services market.

In particular the module will focus on the offences of:

• Insider Dealing
• Market abuse
• Money Laundering
• Fraud

UK and European legislation and case law will be the main focus of the module but there will be discussion of the approaches adopted in the USA and a number of other jurisdictions.

Overview

Students will be taught by a combination of online lectures, interactive online seminars, one-to-one supervision, and self-study of a comprehensive module, with students encouraged to read from specified case law and legal journals. Students will be given the opportunity to discuss theoretical issues as well as practical problem solving.  Students will be supported in undertaking on-line research using electronic law databases and encouraged to use on line legal resources on a regular basis. There is a virtual learning environment containing handbooks, lecture notes, weblinks, discussion groups, study skills materials and assessment criteria. 

Experiential Learning

Students will be encouraged to respond to realistic case-studies relating to the sector, giving written legal opinions to clients in the style of a professional legal advisor. As an alternative core for the LLM award, students will be able to undertake and experiential learning project. Students will also be able to participate in the extracurricular experiential learning offered within the Law School, including the Pro Bono Clinic and the Mooting Club.

Study Support

Students will have regular access to module tutors by email and by one-to-one video conferences to support their studies. They will also engage with one formative assessment for each module, which will be marked promptly with opportunities for feedback either by email or individual online discussion.

On successful completion of the module, you will be able to do the following:

1. Comprehend and manage a substantial body of legal knowledge on Global Financial Crime, specifically Money Laundering and Fraud related crimes;      

2. Evaluate the commercial and government policy implications of the fight against Global Financial Crime and appreciate its economic and social balance;

3. Research and manage legal information from paper and IT resources and present competent legal arguments in writing;

4. Synthesise relevant case law and statute, understand and present conflicting arguments and apply the law to problem scenarios relevant to all aspects of Global Financial Crime;

5. Display competence in the benchmark skills outcomes of subject knowledge and understanding, application & problem solving and analysis, synthesis, critical judgment and evaluation.

The module adopts the assessment strategy principles of GSBL which have been developed in the spirit of ESJ. These are:

1. The School is committed to ensuring that each student should not have more no more than 2 assessment points per 20 credit module.
2. We provide balanced forms of assessment, both in terms of its overall volume (measured in terms of assessment points and output required and the types used.
3. Group activities are part of the learning and teaching strategies but assessment is at the level of the individual. Thus, assessment focused on individual reflections and learning from participating in a group activity.
4. Flexibility/choice in assessment methods will be introduced wherever possible in order to facilitate different learning studies and support personalization

Assessment of the module will be by way of coursework, giving a choice of either a critical analysis of contemporary issues and/or experiential employment-related practical exercises.

In line with our policy on facilitating formative feedback to students, the assessment strategy is designed to provide formative feedback on a piece of contributing summary assessment before another summative component is due to be submitted.

https://rl.talis.com/3/londonmet/lists/814E358E-A5CC-55A5-48AC-1595349800D0.html?lang=en-US&login=1