Run by Bangor Business School

15.000 Credits or 7.500 ECTS Credits

Semester 1 & 2

Organiser: Mr Ian Roberts

The module will consider the prevalence, form and methods of financial crime undertaken by individuals, financial institutions and their employees. The learner will be expected to understand both the methods through which crime is undertaken including fraud, money laundering and terrorist financing, and regulatory and professional methods in which the effects of financial crime can be alleviated and minimised. The module will adopt a professionally orientated approach to address the subject matter and focus on alleviation and management of the risks posed by financial crime in capital markets.

The modules will consider a range of different forms of financial crime, how they arise and can be combated. This will include consideration of: the scale of financial wrongdoing, what is money laundering? How is Money Laundering undertaken? Financial Fraud and other crimes in Capital markets, terrorist financing and resourcing, the importance of off-shore centres, assessing and managing risks from financial crimes and regulatory and professional methods of addressing financial crime. In particualr there will be a focus on how to identify financial crimes in a work context.

good

B- to B+ (60-69%): Very 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 o Evidence of background study o Focussed answer with good structure o Arguments presented coherently o Mostly free of factual errors o Some limited original interpretation o Well known links between topics are described o Problems addressed by existing methods/approaches o Good presentation with accurate communication

threshold

c- to c+ (50-59%): marginal failing yet compensatable work 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.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 main areas; • Limited evidence of background study; • Answer only poorly focussed on question and with some irrelevant material and poor structure; • Arguments presented but lack coherence; • Several factual/computational errors; • No original interpretation; • Only major links between topics are described;

excellent

Excellent standard: 70+ An outstanding performance, exceptionally able. The relevant information 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.

1. Appraise the legal, ethical and regulatory requirements of financial firms to eradicating financial crime.

2. To develop a critical comprehension of the methods and techniques through which financial institutions can limit financial crimes.

3. To evaluate the requirement to address and limit the scale and scope of financial crime in financial institutions and markets.

4. Synthesise and articulate the opportunities and techniques associated with the combating of financial crime in traditional and new economy situations.

Type	Name	Description	Weight
	Assignment - Essay		100.00

		Hours
Private study	The study guides introduce and explain theoretical concepts and practical aspects of financial crises and bank regulation and introduce a wide range of real world cases of crisis. Through assessment of this materials supported by live web discussion and recorded lectures the lessons raised by theory and policy actions can be explored and critically evaluated. Students are also directed to the relevant literature, including book chapters, journal articles (theoretical and empirical), books and internet sources that they are expected to read during their private study time. Private study is supported by interactive materials delivered via blackboard, online discussions and email contact with staff. The module include a large individual assignment which will draw on both the reader and wider readings.	142
Lecture	Prerecorded Lectures are provided to introduce and explore the subject - these link closely to the associated study guide and the web-ex seminar sessions	5
Seminar	Three seminar web-ex sessions are provided to allow students to engage with the materials in a live internet based session over the Web-ex platform this is designed to encourage student interaction and discussion of study materials and module aims.	3

• Exploring - Able to investigate, research and consider alternatives
• Information retrieval - Able to access different and multiple sources of information
• Critical analysis & Problem Solving - Able to deconstruct and analyse problems or complex situations. To find solutions to problems through analyses and exploration of all possibilities using appropriate methods, rescources and creativity.
• Argument - Able to put forward, debate and justify an opinion or a course of action, with an individual or in a wider group setting
• Self-awareness & Reflectivity - Having an awareness of your own strengths, weaknesses, aims and objectives. Able to regularly review, evaluate and reflect upon the performance of yourself and others

• knowledge of theories and empirical evidence concerning financial management, risk and the operation of capital markets (in cases of degrees with significant finance content).
• Abstraction. From the study of economic principles and models, students see how one can abstract the essential features of complex systems and provide a useable framework for evaluation and assessment of the effects of policy or other exogenous events. Through this, the typical student will acquire proficiency in how to simplify while still retaining relevance. This is an approach that they can then apply in other contexts, thereby becoming more effective problem-solvers and decision-makers.
• An appreciation of the nature of the contexts in which finance can be seen as operating, including knowledge of the institutional framework necessary for understanding the role, operation and function of markets and financial institutions (e.g. the economic, legal, regulatory and tax environment, both national and international; the firm; the capital markets and the public sector).
• Conceptual and critical thinking, analysis, synthesis and evaluation.

Resource implications for students

None

Talis Reading list

http://readinglists.bangor.ac.uk/modules/asb-9050.html

Optional in courses:

• N3BN: MBA Chartered Banker year 1 (MBA/CBDL)