MONEY LAUNDERING, ASSET FORFEITURE, AND INTERNATIONAL FINANCIAL CRIMES Course# 6936 Credit hours: 2 SYLLABUS FALL 2017

Size: px
Start display at page:

Download "MONEY LAUNDERING, ASSET FORFEITURE, AND INTERNATIONAL FINANCIAL CRIMES Course# 6936 Credit hours: 2 SYLLABUS FALL 2017"

Transcription

1 MONEY LAUNDERING, ASSET FORFEITURE, AND INTERNATIONAL FINANCIAL CRIMES Course# 6936 Credit hours: 2 SYLLABUS FALL 2017 Professor Fletcher N. Baldwin, Jr. Phone: (352) Fax: (352) BALDWINFN@LAW.UFL.EDU Chesterfield Smith Professor of Law Honorary Fellow, Institute of Advanced Legal Studies, University of London Director, The Centre For International Financial Crimes Studies Levin College of Law University of Florida Office: 287C Gainesville, FL

2 CLASS MEETING SCHEDULE Day Place Time 8/17 Holland Hall, Room 350 6:00 pm 8/24 Holland Hall, Room 350 6:00 pm 8/31 Holland Hall, Room 350` 6:00pm 9/7 Class canceled (I will be at conference in England) 9/14 Holland Hall, Room 350 6:00 pm 9/21 Baldwin s home 6:00pm 9/28 Baldwin s home 6:00 pm 10/5 Holland Hall, Room 350 6:00 pm 10/12 Holland Hall, Room 350 6:00 pm 10/19 Baldwin s home 6:00 pm 10/26 Baldwin s home 6:00 pm 11/2 Holland Hall, Room 350 6:00 pm 11/9 Baldwin s home 6:00 pm 11/16 Baldwin s home 6:00 pm (Last day of class) 2

3 CLASS POLICIES A. GRADE: (1) Participation and Attendance: You will be expected to attend and participate constructively in the discussion and analysis of the subject matter. The attendance policy is set forth in ABA Rule 305 and I will adhere to it this course. (2) Research Paper: Your research term paper outline of 4 typed pages is due Tuesday, 17 October (3) I have in my office, for your information, a list of suggested topics. (4) University Policy on Grade Points Information on the University policy as to assigning grade points is available at: (5) Accommodations for students with disabilities Students requesting classroom accommodation must first register with the Office of Disability Resources. The UF Office of Disability Resources will provide documentation to the student who must then provide this documentation to the Law School Office of Student Affairs when requesting accommodation. B. FINAL PAPER DUE: FRIDAY, 15 DECEMBER C. PLEASE DEACTIVATE CELL-PHONES DURING THE CLASS PERIOD. D. I MUST BE IN CAMBRIDGE UK THE WEEK OF 3 SEPTEMBER UNTIL 10 SEPTEMBER. THEREFORE NO CLASS MEETING ON SEPTEMBER 7. E. ACADEMIC HONESTY GUIDELINES The University of Florida Levin College of Law requires that the written materials submitted by each student represent his or her own work. See the College of Law webpage at: ( for more information about the Honor Code. F. OFFICE HOURS Mondays 9:00-12:00. 3

4 PART ONE EXORDIUM Students should expect to spend approximately four hours per seminar class in preparation for the class. Each student should expect to spend approximately twenty hours in conference with the professor and in researching a writing paper dealing with an issue related to money laundering utilizing extensive references and footnotes. The final grade for each student will be determined by his/her attendance, participation in class, and research paper. Student Learning Outcomes: Students will be able to understand: 1. The definition of money laundering 2. The history and recent emphasis on the practice of and curtailment of money laundering 3. Legislation state, national, and international dealing with money laundering issues 4. The impact of money laundering on fiscal security of a society 5. Those responsible for monitoring money laundering financial institutions, governments, policing authorities 6. The relation between money laundering and terrorism 7. The various avenues utilized to launder money 8. The vast international involvement in money laundering and the necessary cooperation to report and curtail Students will have the ability to explain: 1. The recent emphasis on the laundering of money 2. The secret processes of the laundering of money 3. The recent cases involving the laundering of money 4. The potential punishment for those practicing the laundering of money Each student will have the ability to study in depth an issue related to international money laundering. Course Objectives You have enrolled in a seminar for the fall semester of The focus of the seminar is financial crime. Although financial crime has a very long history, the development of 4

5 a body of literature focusing on international crime is in its infancy. The legislation, the departments designated to deal with international financial crime, the understanding of the roles and objectives are in developmental stages. Although there is no doubt that the crime is international, there is no single code or agreement. I. I have listed the topics that I hope to address during the seminar. II. In addition, I have included sections of articles that are relevant to the topic. It is essential that you read the materials. The subject is in continuing flux. I encourage you to also read newspapers and magazines and view the television and radio news for materials that are relevant, or somehow related, to international financial crime. Please clip or bring notes to share with the class. III. I have included several cases of historic significance and several which have been decided in It is important that you read and understand these cases and their implications for a sense of both the present and the future in financial crime. Class expectations: The syllabus is not a not a trip tik. This is not a virtual seminar. You cannot expect to read along with the professor. This document is an attempt to stimulate questions, to provide you with definitions of terms and concepts, with background information and ideas that may be helpful and assist you in the discussions as you attend and participate in the seminar. This syllabus is a review of complex and expanding global roles that attorneys, financial institutions and compliance officers are taking or will need to take in the future. In recent research into the world of forensic finance, Dr. Shima Keene, University of London, concludes that al-qaeda s threats of mass atrocities will continue to threaten the western world for the foreseeable future. If the threats are global, cruel, and long term, the need to increase our understanding of the values, beliefs, and goals of the institution that is al-qaeda have been increased dramatically. Al-Qaeda is joined by organized crime and organizational crime in the quest for financial stability, be it legal or illicit. Organized crime and organization crime share many of the same footprints. The United States has stepped up counter terrorism and anti-money laundering efforts. Many believe that little has been achieved in real terms. Terrorism is a complex, multi casual problem with many interrelated components. To counter the complexity and multi casual problem of terrorism and its continued threats, a multidisciplinary, international approach is essential. Those who have volunteered or are appointed to serve as defense units or counter 5

6 terrorists face a significant, often passionate, offense. The present day counter terrorists face the realities of a contemporary environment which provides the terrorists and the criminals with opportunities (in terms of modus operandi as well as vulnerability) to exploit. To counter the threat, requires an in-depth multi-disciplinary understanding of multilateral efforts and of significantly different promises and/or codes of behavior, including guerilla behaviors. Knowledge of psychology, history, political science, economics, communication sciences, criminology, religion, and technology contribute to the understanding of the terrorist phenomenon. The defense units encounter numerous challenges. The democratic character and values become a challenge. Democratic countries are most likely more vulnerable than other governments and political systems. Freedom of speech, freedom of association, freedom of movement, and the belief in human and individual rights contribute to limitations for surveillance and detention. These concepts may even encourage and facilitate terrorists actions on their soil. Even where intercept material is available, the difficulty is using this material as evidence can be problematic. A further challenge is to prove mens rea whether the financier to be used for terrorist purposes or whether he or she was manipulated in some way to provide the finances. In the latter case, the terrorist financier may adopt the status of a victim of fraud. This is particularly difficult to prove in jurisdictions where standards of financial transparency have not been adopted. Attempting to counter the finances of terrorism has benefits. First, financial intelligence forms a vital part of the overall intelligence effort to identify not only the terrorist, but the wider terrorist network. In many cases the network will consist of criminals in general, which will support non terrorist investigations relating to counter proliferation or counter narcotic operations. Second, depending on and where the information was obtained, a financial audit trail is able to serve as vital evidence in court. Obstacles relating to so called secret evidence and data protection can be overcome and can assist the court in understanding the financial evidence. Additional more sophisticated and holistic counter financial methods must be developed and implemented. The existing asymmetric financial and economic environment currently favors the terrorist, insurgent, and associated criminal organizations. Financial networks are appropriate and applicable to hard targets; they are however, fluid in nature. Strategies that are appropriate and applicable to hard targets associated with traditional methods are inappropriate. The challenge is to minimize collateral damage, to ensure that finances reach the intended target with minimum disruption, and at the same time are unavailable and denied to the enemy. The use of traditional counter approaches may actually contribute to the problem. Counter finance responses take many forms. Legislation and the enforcement of that legislation is one response. The criminalization of funds associated with terrorism 6

7 must be seen as a fundamental step in the right direction. The current legislation relating to terrorist finances has significant limitations. The criminal justice system as a whole must be investigated and understood. There is an existing gap between criminal law and criminal justice within the U.S. and U.K. It s necessary to understand the challenges faced at all levels of the justice system. The challenges partly explain the lack of success in the counter terrorist schemes. The concept of terrorism and the financing of terrorism is a global environment in judicial terms and the associate cultural values that shape criminal law is each jurisdiction. Jurisdictions have differing perceptions as to their respective legitimate interests. Some jurisdictions choose to increase the levels of their banking secrecy provisions, other pursue increased transparency in their financial systems. The political, social, and economic implications of this symmetry are apparent, as is the need for compromise on appropriate level of transparency in financial systems. Statutory legislation alone may not be sufficient. In many cases the key may be the combined efforts of both the supporting regulatory standards of behavior within the political and business environments. 7

Council of Europe COMMITTEE OF MINISTERS

Council of Europe COMMITTEE OF MINISTERS Word FranГais Explanatory Memorandum Council of Europe COMMITTEE OF MINISTERS Recommendation Rec(2001)11 of the Committee of Ministers to member states concerning guiding principles on the fight against

More information

The Fight against Money Laundering

The Fight against Money Laundering The Fight against Money Laundering Monique EGLI COSTI Visiting Scholar Victoria University of Wellington Law School, New Zealand Kobe Seminar on International Law Regulation of Cross-Border Economic Crime

More information

INVESTIGATING AND PROSECUTING MONEY LAUNDERING

INVESTIGATING AND PROSECUTING MONEY LAUNDERING INVESTIGATING AND PROSECUTING MONEY LAUNDERING This one-day course will discuss the criminal elements and case law for N.J.S.A criminal statue 2C:21-25, Financial Facilitation of Criminal Activity, also

More information

HOW TO LOCATE ASSETS DURING A FINANCIAL CRIMES/NARCOTICS INVESTIGATION

HOW TO LOCATE ASSETS DURING A FINANCIAL CRIMES/NARCOTICS INVESTIGATION HOW TO LOCATE ASSETS DURING A FINANCIAL CRIMES/NARCOTICS INVESTIGATION This one-day course will benefit any detective and/or prosecutor assigned to white collar crime/narcotics investigations. Preliminary

More information

FINANCIAL CRIMES LAW IN NEW JERSEY

FINANCIAL CRIMES LAW IN NEW JERSEY FINANCIAL CRIMES LAW IN NEW JERSEY This one-day course will provide a detailed analysis of N.J.S.A Chapters 20 & 21 related to financial crimes investigations. Case studies will describe key elements for

More information

INVESTIGATING AND PROSECUTING MONEY LAUNDERING

INVESTIGATING AND PROSECUTING MONEY LAUNDERING INVESTIGATING AND PROSECUTING MONEY LAUNDERING This one-day course will discuss the criminal elements and case law for N.J.S.A criminal statue 2C:21-25, Financial Facilitation of Criminal Activity, also

More information

ANTI-MONEY LAUNDERING/ COUNTERING THE FINANCING OF TERRORISM STRATEGY GROUP

ANTI-MONEY LAUNDERING/ COUNTERING THE FINANCING OF TERRORISM STRATEGY GROUP ANTI-MONEY LAUNDERING/ COUNTERING THE FINANCING OF TERRORISM STRATEGY GROUP AN ISLAND STRATEGY TO COUNTER MONEY LAUNDERING AND THE FINANCING OF TERRORISM UPDATE MARCH 2011 Contents 1 Introduction...3 2

More information

METHODS OF LOCATING AND SEIZING HIDDEN ASSETS

METHODS OF LOCATING AND SEIZING HIDDEN ASSETS METHODS OF LOCATING AND SEIZING HIDDEN ASSETS This one-day course will benefit any detective and/or prosecutor assigned to white collar crime/narcotics investigations. Preliminary discussion will center

More information

HOW TO LOCATE ASSETS DURING A FINANCIAL CRIMES/NARCOTICS INVESTIGATION

HOW TO LOCATE ASSETS DURING A FINANCIAL CRIMES/NARCOTICS INVESTIGATION HOW TO LOCATE ASSETS DURING A FINANCIAL CRIMES/NARCOTICS INVESTIGATION This one-day course will benefit any detective and/or prosecutor assigned to white collar crime/narcotics investigations. Preliminary

More information

Graduating Student Survey Class of 2018

Graduating Student Survey Class of 2018 Graduating Student Survey Class of 2018 Graduating Student Survey Class of 2018 The Graduating Student Survey was administered May-July 2018 to the class of 2018 via a Web link sent by email in the invitation

More information

The ML/FT National Risk Assessment - MALTA. Manfred Galdes Director FIAU (Malta)

The ML/FT National Risk Assessment - MALTA. Manfred Galdes Director FIAU (Malta) The ML/FT National Risk Assessment - MALTA Manfred Galdes Director FIAU (Malta) Background 1. The international standards are unequivocal All the jurisdictions are required, to identify, assess, and understand

More information

THE KINGDOM OF LESOTHO ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM REGIME

THE KINGDOM OF LESOTHO ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM REGIME THE KINGDOM OF LESOTHO ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM REGIME ----------------------------------------------------------------- NATIONAL STRATEGY JANUARY 2010 1 TABLE OF

More information

Introduction to FATF THE FINANCIAL ACTION TASK FORCE AND THE ROLE OF LAWYERS IN COMBATING MONEY LAUNDERING AND TERRORIST FINANCING

Introduction to FATF THE FINANCIAL ACTION TASK FORCE AND THE ROLE OF LAWYERS IN COMBATING MONEY LAUNDERING AND TERRORIST FINANCING THE FINANCIAL ACTION TASK FORCE AND THE ROLE OF LAWYERS IN COMBATING MONEY LAUNDERING AND TERRORIST FINANCING PRACTICING LAW INSTITUTE INTERNATIONAL ESTATE & TAX PLANNING 2018 MAY 21, 2018 Presented by

More information

OECD draft Guidance to Counter Illicit Trade: enhancing transparency in Free Trade Zones

OECD draft Guidance to Counter Illicit Trade: enhancing transparency in Free Trade Zones OECD draft Guidance to Counter Illicit Trade: enhancing transparency in Free Trade Zones Having Regard to Article 5 b) of the Convention on the Organisation for Economic Cooperation and Development of

More information

Needs assessment on tools and methods of financial investigation in the European Union Summary

Needs assessment on tools and methods of financial investigation in the European Union Summary Needs assessment on tools and methods of financial investigation in the European Union Summary Wetenschappelijk Onderzoek- en Documentatiecentrum Rotterdam, 22 December 2015 Dr. Brigitte Slot Mr. Drs.

More information

BUSINESS FINANCE 3300 INSURANCE AND RISK. Course Syllabus

BUSINESS FINANCE 3300 INSURANCE AND RISK. Course Syllabus BUSINESS FINANCE 3300 INSURANCE AND RISK Course Syllabus Autumn Semester 2017 Knowlton, Room 195 Mondays 3:00 5:45 PM Instructors: Office: E-Mails: Office Hours: Lynda Weaver Fisher Hall Weaver.984@osu.edu

More information

Module 3 TOOLS FOR TRANSPARENCY

Module 3 TOOLS FOR TRANSPARENCY Module 3 TOOLS FOR TRANSPARENCY Introduction Before proceeding to Module 3, we would like to emphasize that vast majority of legal persons and legal arrangements are used for legitimate purposes. The safeguarding

More information

Overview. FINTRAC at a glance

Overview. FINTRAC at a glance FINTRAC at a glance Overview Shedding light on money laundering and terrorist activity financing Our role in the fight against ML and TF Join the fight! FINTRAC at a glance Canada s Financial Intelligence

More information

National Risk Assessment on Terrorist Financing

National Risk Assessment on Terrorist Financing Summary National Risk Assessment on Terrorist Financing Background Dutch policy to prevent and combat terrorist financing is based on the recommendations of the Financial Action Task Force (FATF) and EU

More information

Study Abroad/Short-Term Study Policy. Study Abroad Application

Study Abroad/Short-Term Study Policy. Study Abroad Application REVISED STUDY ABROAD/SHORT-TERM STUDY POLICY GUIDELINES OFFICE OF INTERNATIONAL PROGRAMS AND EXCHANGE OFFICE OF THE PROVOST AND VICE PRESIDENT FOR ACADEMIC AFFAIRS The attached revised guidelines pertaining

More information

Report on cooperation challenges faced by the Court with respect to financial investigations. Workshop October 2015, The Hague, Netherlands

Report on cooperation challenges faced by the Court with respect to financial investigations. Workshop October 2015, The Hague, Netherlands Report on cooperation challenges faced by the Court with respect to financial investigations Workshop 26-27 October 2015, The Hague, Netherlands Forward-looking conclusions Strengthening financial investigations

More information

White Paper: The Development of the AML Regulatory Environment and the Future of Money Laundering Risk Management

White Paper: The Development of the AML Regulatory Environment and the Future of Money Laundering Risk Management 0 White Paper: The Development of the AML Regulatory Environment and the Future of Money Laundering Risk Management 1 Overview Over the past several decades, money laundering has emerged as a significant

More information

LEGAL PROFESSIONS AND ACCOUNTANTS PROFESSIONS IN THE TURBULENCE OF MONEY LAUNDERING

LEGAL PROFESSIONS AND ACCOUNTANTS PROFESSIONS IN THE TURBULENCE OF MONEY LAUNDERING I J A B E R, Vol. 13, No. 5, (2015): 3212-3223 LEGAL PROFESSIONS AND ACCOUNTANTS PROFESSIONS IN THE TURBULENCE OF MONEY LAUNDERING Go Lisanawati* Abstract: The rapid changing world affected by sophisticated

More information

Financial Counterterror

Financial Counterterror Financial Counterterror Terror campaigns require financial support. International terrorists use over- & underground networks to move funds to operating units. U.S. counterterror agencies face difficulties

More information

Office Hours: Thursday 3-5pm

Office Hours: Thursday 3-5pm University of Wisconsin Madison School of Business Department of Actuarial Science, Risk Management and Insurance Spring 2011 Professor Teaching Assistants Dr. Martin Halek Joyce Lin (Sections 301 304)

More information

CLAIMS MADE SCHOOL BOARD LEGAL LIABILITY INSURANCE APPLICATION Darwin National Assurance Company Allied World Surplus Lines Insurance Company

CLAIMS MADE SCHOOL BOARD LEGAL LIABILITY INSURANCE APPLICATION Darwin National Assurance Company Allied World Surplus Lines Insurance Company CLAIMS MADE SCHOOL BOARD LEGAL LIABILITY INSURANCE APPLICATION Darwin National Assurance Company Allied World Surplus Lines Insurance Company THIS IS AN APPLICATION FOR A CLAIMS MADE POLICY WHICH APPLIES

More information

Public Conference The fight against Money Laundering and Terrorist Financing Brussels, 15 March 2013

Public Conference The fight against Money Laundering and Terrorist Financing Brussels, 15 March 2013 Public Conference The fight against Money Laundering and Terrorist Financing Brussels, 15 March 2013 14.30 15.45 Session 3 : Future challenges for the AML/CFT framework John Hogan, Head of Banking Directorate,

More information

Anti-Money Laundering and Counter Financing to Terrorist (AML/CFT) Workshop Series: AML Compliance Policies / Programme within a company

Anti-Money Laundering and Counter Financing to Terrorist (AML/CFT) Workshop Series: AML Compliance Policies / Programme within a company Anti-Money Laundering and Counter Financing to Terrorist (AML/CFT) Workshop Series: AML Compliance Policies / Programme within a company Natalia Seng Chief Executive Officer China & Hong Kong Tricor Group

More information

COURSE SYLLABUS CRN 10191; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2015

COURSE SYLLABUS CRN 10191; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2015 COURSE SYLLABUS CRN 10191; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2015 DESCRIPTION: A survey of money and capital markets and the role they play in financial intermediation, capital formation, economic

More information

Homework: There will be three assignments making up 20% of your total grade. These assignments will be covered in more detail as the topics are

Homework: There will be three assignments making up 20% of your total grade. These assignments will be covered in more detail as the topics are Course Title: Personal Financial Planning Human Development and Family Studies 483 Instructor: Jeanna Nation 1337 Palmer 515-294-5215 (office) Contact: Tuesday/Thursday 9:30-10:45 67 LeBaron E-mail through

More information

First I would like to extent a sincere thank you the organizers of this conference. The topic is

First I would like to extent a sincere thank you the organizers of this conference. The topic is The Role of Companies in Conflicts within the Court s Jurisdiction First I would like to extent a sincere thank you the organizers of this conference. The topic is cutting edge and of great importance

More information

PLSC 352- Politics of Government Budgeting Fall 2015 MW 11-12:15 pm Marshall Rm#119 Dr. Barbara Patrick

PLSC 352- Politics of Government Budgeting Fall 2015 MW 11-12:15 pm Marshall Rm#119 Dr. Barbara Patrick PLSC 352- Politics of Government Budgeting Fall 2015 MW 11-12:15 pm Marshall Rm#119 Dr. Barbara Patrick Office: Department of Political Science, Pray Harrold Hall Office Hours: 12:00-4pm T; 3:30-5pm MW

More information

CALIFORNIA STATE UNIVERSITY, SACRAMENTO DEPARTMENT OF ECONOMICS

CALIFORNIA STATE UNIVERSITY, SACRAMENTO DEPARTMENT OF ECONOMICS CALIFORNIA STATE UNIVERSITY, SACRAMENTO DEPARTMENT OF ECONOMICS ECON 138: Monetary and Fiscal Policy Instructor: Kristin Van Gaasbeck Office Hours: Monday 9-10:30am E-mail: kavan@csus.edu Tuesday 9:30-11:30am,

More information

PRACTICE REVIEW 1: Adequacy of Engagement and Responsiveness

PRACTICE REVIEW 1: Adequacy of Engagement and Responsiveness PRACTICE REVIEW 1: Adequacy of Engagement and Responsiveness Focus Measure ADEQUATE EFFORTS OF ENGAGEMENT IN ASSESSMENT PROCESS. To what degree: Is the Child Protective Investigator (CPI) building a working

More information

FIN : Principles of Risk Management and Insurance

FIN : Principles of Risk Management and Insurance CALIFORNIA STATE UNIVERSITY, FULLERTON MIHAYLO COLLEGE OF BUSINESS AND ECONOMICS DEPARTMENT OF FINANCE (657) 278-2217 Fall 2012 FIN 360-03: Principles of Risk Management and Insurance Instructor: Professor

More information

How Southern Illinois University Edwardsville uses the Financial Times to prepare students for business reality

How Southern Illinois University Edwardsville uses the Financial Times to prepare students for business reality How Southern Illinois University Edwardsville uses the Financial Times to prepare students for business reality The challenge SIUE is looking to give their students an international perspective and a better

More information

City of Sunny Isles Beach Collins Avenue Sunny Isles Beach, Florida 33160

City of Sunny Isles Beach Collins Avenue Sunny Isles Beach, Florida 33160 City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, Florida 33160 (305) 947-0606 City Hall (305) 949-3113 Fax MEMORANDUM TO: VIA: FROM: The Honorable Mayor and City Commission Christopher

More information

BA Insurance and Risk Management Spring 2011 MW 9:30-10:45 PM Room: SOM 2.115

BA Insurance and Risk Management Spring 2011 MW 9:30-10:45 PM Room: SOM 2.115 BA 4354-001 Insurance and Risk Management Spring 2011 MW 9:30-10:45 PM Room: SOM 2.115 Professor Contact Information David M. Cordell, PhD, CFA, CFP, CLU Office: SM 3.805, 972-883-2718 David.Cordell@UTDallas.edu

More information

DETAILS. Dates: Questions?: Mr. Yastremski Emergency?

DETAILS. Dates: Questions?: Mr. Yastremski Emergency? The 44 th Annual Harvard National Invitational Forensics Tournament DETAILS Dates: President s Weekend: February 16-19, 2018 (our February break) We will leave from RHS at 10:00am on Friday the 16 th.

More information

Anti-Money Laundering Training Seminar for Prosecutors, Public Legal Sector, Judges, Magistrates and Registries

Anti-Money Laundering Training Seminar for Prosecutors, Public Legal Sector, Judges, Magistrates and Registries Anti-Money Laundering Training Seminar for Prosecutors, Public Legal Sector, Judges, Magistrates and Registries PRESENTATION BY THE HON ATTORNEY GENERAL May I first of all extend my thanks to the National

More information

COURSE SYLLABUS CRN 11119; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2017

COURSE SYLLABUS CRN 11119; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2017 COURSE SYLLABUS CRN 11119; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2017 DESCRIPTION: A survey of money and capital markets and the role they play in financial intermediation, capital formation, economic

More information

Mr. Kevin Rose, Workshop Coordinator; Resource Persons; Participants; Ladies and Gentlemen.

Mr. Kevin Rose, Workshop Coordinator; Resource Persons; Participants; Ladies and Gentlemen. SPEECH BY HON. ABDISALAAM ISSA KHATIBU (MP) DEPUTY MINISTER FOR FINANCE, AT OFFICIAL OPENING OF TRAINING WORKSHOP ON ANTI-MONEY LAUNDERING AND COMBATING FINANCING OF TERRORISM, FINANCIAL CRIME AWARENESS

More information

The Challenge of Ethics Exam Study Guide

The Challenge of Ethics Exam Study Guide The Challenge of Ethics Exam Study Guide This document contains all the questions that will included in the final exam, in the order that they will be asked. When you have studied the course materials,

More information

Electronic Funds Transfer in Money Laundering Crime: Regulation Needed in Response to Meeting of Technology and Crime in Indonesia

Electronic Funds Transfer in Money Laundering Crime: Regulation Needed in Response to Meeting of Technology and Crime in Indonesia International Journal of Cyber Society and Education Pages163-170, Vol. 3, No. 2, December 2010 Electronic Funds Transfer in Money Laundering Crime: Regulation Needed in Response to Meeting of Technology

More information

UNIVERSITY OF MASSACHUSSETS DARTMOUTH College of Business Department of Accounting and Finance

UNIVERSITY OF MASSACHUSSETS DARTMOUTH College of Business Department of Accounting and Finance UNIVERSITY OF MASSACHUSSETS DARTMOUTH College of Business Department of Accounting and Finance Summer 2018 COURSE: FIN 670, Investment Analysis, Online section PREREQUISITES: FIN 500 and graduate standing

More information

Review of the Money Laundering Regulations 2007: The Government Response

Review of the Money Laundering Regulations 2007: The Government Response Response to the HM Treasury consultation paper Review of the Money Laundering Regulations 2007: The Government Response September 2011 Fraud Advisory Panel Registered office: Chartered Accountants Hall,

More information

COURSE SYLLABUS CRN 10358; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2014

COURSE SYLLABUS CRN 10358; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2014 COURSE SYLLABUS CRN 10358; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2014 DESCRIPTION: A survey of money and capital markets and the role they play in financial intermediation, capital formation, economic

More information

IMX WHITE PAPER. Implementing an Anti-Money Laundering System Is it Worth It?

IMX WHITE PAPER. Implementing an Anti-Money Laundering System Is it Worth It? Implementing an Anti-Money Laundering System Is it Worth It? Financial intelligence units around the world and the regulators responsible for implementing the new anti-money laundering regimes are quick

More information

Sanctions and Anti-Money Laundering Bill

Sanctions and Anti-Money Laundering Bill Sanctions and Anti-Money Laundering Bill Committee Stage House of Lords Tuesday 21 November 2017 The Law Society of England and Wales is the independent professional body that works to support and represent

More information

GAMBLING, MONEY LAUNDERING AND THE PROCEEDS OF CRIME: A TRIFECTA? Elizabeth Montano AUSTRAC, NSW

GAMBLING, MONEY LAUNDERING AND THE PROCEEDS OF CRIME: A TRIFECTA? Elizabeth Montano AUSTRAC, NSW GAMBLING, MONEY LAUNDERING AND THE PROCEEDS OF CRIME: A TRIFECTA? Elizabeth Montano AUSTRAC, NSW Paper presented at the conference Gambling, Technology and Society: Regulatory Challenges for the 21 st

More information

Course Title: Personal Financial Planning Instructor: Contact: Course Description: Course Objectives Intellectual Development: Required Materials:

Course Title: Personal Financial Planning Instructor: Contact: Course Description: Course Objectives Intellectual Development: Required Materials: Course Title: Personal Financial Planning Human Development and Family Studies 483 Instructor: Jeanna Hennick 1337 Palmer 515-294-5215 (office) Contact: Tuesday/Thursday 9:30-10:45 88 LeBaron Course Description:

More information

The Practical Impact of the FATF Mutual Evaluation on the US AML Professional

The Practical Impact of the FATF Mutual Evaluation on the US AML Professional The Practical Impact of the FATF Mutual Evaluation on the US AML Professional Monday, April 3 1:30 PM Moderator: Rick McDonell, Executive Director, ACAMS, and Former Executive Secretary, Financial Action

More information

` Hospitality Legal Issues, HAMG 1340 COURSE INFORMATION LIFETYLE ARTS & DESIGN CAREERS

` Hospitality Legal Issues, HAMG 1340 COURSE INFORMATION LIFETYLE ARTS & DESIGN CAREERS HOTEL RESTAURANT MANAGEMENT PROGRAM HOSPITALITY LEGAL ISSUES ` HAMG 1340-second 8 weeks Fall 2012, CRN # 21672 Course Location: Online for on campus tests-jbw Building room 219 Course Semester Credit Hours:

More information

Case Study: Asset Forfeiture

Case Study: Asset Forfeiture Case Study: Asset Forfeiture Steve West (Moderator) Assistant US Attorney Eastern District of North Carolina Lester Joseph Manager, Global Financial Crimes Intelligence Group Wells Fargo & Co. Douglas

More information

COURSE SYLLABUS CRN 10234; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2012

COURSE SYLLABUS CRN 10234; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2012 COURSE SYLLABUS CRN 10234; FIN 6246 MONEY AND CAPITAL MARKETS SPRING 2012 DESCRIPTION: A survey of money and capital markets and the role they play in financial intermediation, capital formation, economic

More information

Finance 330: Capital Budgeting Spring 2011

Finance 330: Capital Budgeting Spring 2011 Finance 330: Capital Budgeting Spring 2011 Time: Section 2: Tuesday, Friday 10:00-11:50 pm Room: BB 124 Section 3: Tuesday, Friday 2:00-3:30 pm Room: BB 124 Instructor: Andrew Carver Email: carver@tcnj.edu

More information

EUROPEAN COMMISSION DG Migration and Home affairs DG Justice and Consumers. Methodology

EUROPEAN COMMISSION DG Migration and Home affairs DG Justice and Consumers. Methodology EUROPEAN COMMISSION DG Migration and Home affairs DG Justice and Consumers Approved at ISG AML/CFT Date: 04.11.2015 Version 1.1 Methodology for assessing money laundering and terrorist financing risks

More information

Anti Money Laundering Policy

Anti Money Laundering Policy Anti Money Laundering Policy I. Definition of Money Laundering Money laundering is the process by which large amounts of illegally obtained money (from drug trafficking, terrorist activity or other serious

More information

A Financial Transparency Index. An outline research proposal. August 2007

A Financial Transparency Index. An outline research proposal. August 2007 A Financial Transparency Index An outline research proposal August 2007 1. Background Since the mid-1990s, there have been increasing concerns about the impact of both tax havens and offshore finance centres

More information

Papali I T Scanlan: Preventing money laundering and financing of terrorism in Samoa

Papali I T Scanlan: Preventing money laundering and financing of terrorism in Samoa Papali I T Scanlan: Preventing money laundering and financing of terrorism in Samoa Speech by Mr Papali I T Scanlan, Governor of the Central Bank of Samoa, at the Anti-Money Laundering and Countering Terrorist

More information

Registry General September 2015

Registry General September 2015 Registry General September 2015 1 Charities Compliance Officer Training Topics What is FATF? How FATF relates to charities Guidance Notes on the Charities (Anti-Money Laundering, Anti-Terrorist Financing

More information

Health Economics Policy. ECP3990 (12534), Syllabus, Spring 2017

Health Economics Policy. ECP3990 (12534), Syllabus, Spring 2017 Health Economics Policy ECP3990 (12534), Syllabus, Spring 2017 Class Hours: Tue / Thu, 1:00pm - 2:15pm 01/09 05/06/2017 Class Room: Building 74, Room 104 Final Exam Date: May 4 th, 2017: 11:00am 1:30pm

More information

EDAD 5314 School-Based Budgeting Spring Session II, 2015 (7 weeks)

EDAD 5314 School-Based Budgeting Spring Session II, 2015 (7 weeks) EDAD 5314 School-Based Budgeting Spring Session II, 2015 (7 weeks) Instructor: E-mail: Dr. Richard Sorenson, Associate Professor-Retired rsorenson@utep.edu Class Meetings: Saturday 8:30 A.M. 1:50 P.M.

More information

European Commission DG HOME, Fight against organised crime Unit

European Commission DG HOME, Fight against organised crime Unit 30/IX/2011 European Commission DG HOME, Fight against organised crime Unit Financial investigation: a key tool in the fight against trafficking in human beings OSCE, 3-4 October 2011, Vienna Mickaël ROUDAUT

More information

Definitions for KRS , , and Effective: History:

Definitions for KRS , , and Effective: History: 164.948 Definitions for KRS 164.9481, 164.9483, and 164.9485. As used in KRS 164.9481, 164.9483, and 164.9485, unless the context requires otherwise: (1) "Campus" means all property owned, managed, or

More information

POLITICAL SCIENCE 4333 POLICY, POLITICS, AND THE BUDGET

POLITICAL SCIENCE 4333 POLICY, POLITICS, AND THE BUDGET "Money is with propriety considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions. A complete power therefore

More information

FATF Report to the G20 Finance Ministers and Central Bank Governors

FATF Report to the G20 Finance Ministers and Central Bank Governors FATF Report to the G20 Finance Ministers and Central Bank Governors March 2018 FINANCIAL ACTION TASK FORCE The Financial Action Task Force (FATF) is an independent inter-governmental body that develops

More information

Regional Risk Spotlight: An Interview with Michael Kim of Kobre & Kim on South Korea s Anti-Money Laundering Laws

Regional Risk Spotlight: An Interview with Michael Kim of Kobre & Kim on South Korea s Anti-Money Laundering Laws Regional Risk Spotlight: An Interview with Michael Kim of Kobre & Kim on South Korea s Anti-Money Laundering Laws By Megan Zwiebel While anti-corruption compliance is a focus for many companies, anti-money

More information

Syllabus Adv. Drafting for Corporate Transactions Fall 2018

Syllabus Adv. Drafting for Corporate Transactions Fall 2018 Professor: Contact Details: Credits: 2 Course Area: Syllabus 5297-02 Adv. Drafting for Corporate Transactions Fall 2018 Richard A. Ginsburg (Adjunct) richard.ginsburg@weil.com prof.ginsburg@gmail.com (917)

More information

Accelerated International Momentum to Return Stolen Assets

Accelerated International Momentum to Return Stolen Assets Series Accelerated International Momentum to Return Stolen Assets United Nations Office on Drugs and Crime (UNODC) UNODC World Bank Stolen Asset Recovery Initiative (StAR) July 2016 More Information http://www.un.org/esa/ffd/ffd-follow-up/inter-agency-task-force.html

More information

Assessment of money laundering and terrorist financing risks in the Principality of Liechtenstein

Assessment of money laundering and terrorist financing risks in the Principality of Liechtenstein Assessment of money laundering and terrorist financing risks in the Principality of Liechtenstein National Risk Assessment (NRA) Summary (for publication) July 2018 The first step in the risk management

More information

POLITICAL SCIENCE 4333 POLICY, POLITICS, AND THE BUDGET

POLITICAL SCIENCE 4333 POLICY, POLITICS, AND THE BUDGET "Money is with propriety considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions. A complete power therefore

More information

Lynn A. Neils PARTNER EDUCATION AND HONORS

Lynn A. Neils PARTNER EDUCATION AND HONORS Lynn A. Neils practice focuses on representing companies and individuals on matters related to white collar criminal defense, internal investigations, regulatory enforcement, corporate compliance and complex

More information

STUDY ABROAD APPLICATION AND DEPOSIT

STUDY ABROAD APPLICATION AND DEPOSIT Please print, sign, staple and submit your study abroad application and deposit to the FVCC Business Office in Blake Hall. Upon receipt of your deposit and study abroad application, FVCC will contact you

More information

VIGIL MECHANISM / WHISTLE BLOWER POLICY

VIGIL MECHANISM / WHISTLE BLOWER POLICY VIGIL MECHANISM / WHISTLE BLOWER POLICY 1. Preface: The Company is committed to conducting its business and affairs by adopting highest standards of professionalism, honesty and ethical behavior. The Company

More information

Counter Theft, Fraud and Corruption Policy

Counter Theft, Fraud and Corruption Policy South East Cornwall Multi Academy Regional Trust Dobwalls Primary School, Landulph Primary School, Liskeard School and Community College, Looe Community Academy, saltash.net Community School, and Trewidland

More information

Summary. Background. What is money laundering?

Summary. Background. What is money laundering? Summary Background Dutch policy to prevent and combat money laundering is based on the recommenations of the Financial Action Task Force (FATF) and EU directives and regulations. The FATF an intergovernmental

More information

MEASURES TO COMBAT ECONOMIC CRIME

MEASURES TO COMBAT ECONOMIC CRIME MEASURES TO COMBAT ECONOMIC CRIME Erasmus Makodza* I. INTRODUCTION The Land Reform Programme adopted by the Zimbabwe Government in the year 2000 and the subsequent smart sanctions imposed by the Western

More information

FATF Implementation & US Lawyers

FATF Implementation & US Lawyers FATF Implementation & US Lawyers Combating Threats to the International Financial System: The Financial Action Task Force New York Law School Symposium April 25, 2014 Professor Laurel S. Terry (LTerry@psu.edu)

More information

Syllabus Advanced Finance Transaction Drafting. Fall 2016

Syllabus Advanced Finance Transaction Drafting. Fall 2016 Syllabus 5297 - Advanced Finance Transaction Drafting Fall 2016 Professor: Contact Details: Richard A. Ginsburg (Adjunct) richard.ginsburg@weil.com rginsburg@central.uh.edu (917) 428-4195 Credits: 2 Course

More information

Economics 4500/6500: Health Economics and Policy

Economics 4500/6500: Health Economics and Policy 1 Spring 2015 Tulane University Department of Economics Economics 4500/6500: Health Economics and Policy Monday, Wednesday and Friday 1:00-1:50 PM. Room: F. Edward Hebert Hall 210 (Updated on Jan. 13,

More information

FINCEN GUIDANCE. Under 31 CFR , an MSB s AML program must, at a minimum:

FINCEN GUIDANCE. Under 31 CFR , an MSB s AML program must, at a minimum: FIN-2016-G001 Issued: March 11, 2016 Subject: Guidance on Existing AML Program Rule Compliance Obligations for MSB Principals with Respect to Agent Monitoring This guidance reiterates the anti-money laundering

More information

Elder Financial Exploitation in a Large Retirement Community Executive Summary

Elder Financial Exploitation in a Large Retirement Community Executive Summary Elder Financial Exploitation in a Large Retirement Community Executive Summary 1 There were 44.7 million Americans over 65 years of age in 2013, comprising 14.1% of the total United States Population (U.S.

More information

If you choose to include discussion in your grade, your grade composition will be as follows:

If you choose to include discussion in your grade, your grade composition will be as follows: University of Wisconsin Madison School of Business Department of Actuarial Science, Risk Management and Insurance Spring 2008 Professor Teaching Assistants Dr. Martin Halek Shinichi Kamiya Office: Grainger,

More information

MCJ 6240 ONLINE Criminal Justice Planning, Budgeting, and Evaluation SYLLABUS Fall Lap top if available and flash drive

MCJ 6240 ONLINE Criminal Justice Planning, Budgeting, and Evaluation SYLLABUS Fall Lap top if available and flash drive MCJ 6240 ONLINE Criminal Justice Planning, Budgeting, and Evaluation SYLLABUS Fall 2015 Instructor: Mike Chabries, MPA Cellphone 801 865-9500 (Please use for this course only) Instructor available upon

More information

Anti-Money Laundering Awareness Training Insurance Industry-Hong Kong

Anti-Money Laundering Awareness Training Insurance Industry-Hong Kong Anti-Money Laundering Awareness Training Overview This program is intended to give individuals working in the Hong Kong Insurance Industry a basic knowledge of money laundering and terrorism financing,

More information

Torts II Section 2 SYLLABUS 1.01

Torts II Section 2 SYLLABUS 1.01 Torts II Section 2 Professor Mayo SYLLABUS 1.01 5-Aug-16 This semester is the second half of your year-long study of the law of torts. Our focus this semester will be strict liability, products liability,

More information

Course Outline HA Financial Management for Healthcare Managers MW, 12:30-1:50

Course Outline HA Financial Management for Healthcare Managers MW, 12:30-1:50 Course Outline HA 3376--Financial Management for Healthcare Managers MW, 12:30-1:50 Class Day/Date 1--W/01/18 Topic: Introductions Syllabus, outline, and text Maximizing performance in HA 3376 Statistics,

More information

a. Domestic money laundering statutes and laws i. Bank Secrecy Act of 1970

a. Domestic money laundering statutes and laws i. Bank Secrecy Act of 1970 HIGH- STAKES TAX DEFENSE & COMPLEX CRIMINAL DEFENSE 1012 Broad Street, 2nd Fl Bloomfield, NJ 07003 Tel (973) 783-7000 Fax (973) 338-3955 www.deblislaw.com Anti- Money Laundering Tools a. Domestic money

More information

NATIONAL SEMINAR ON ANTI MONEY LAUNDERING AND COUNTER TERRORISM FINANCING Non Profit Organisation (NPO) 30 September 2014

NATIONAL SEMINAR ON ANTI MONEY LAUNDERING AND COUNTER TERRORISM FINANCING Non Profit Organisation (NPO) 30 September 2014 NATIONAL SEMINAR ON ANTI MONEY LAUNDERING AND COUNTER TERRORISM FINANCING 2014 - Non Profit Organisation (NPO) 30 September 2014 Presentation Outline Overview of Labuan FSA FATF Requirements and Expectations

More information

ADVISORY. Our AML/CFT team. CV and contact details. kpmg.co.nz

ADVISORY. Our AML/CFT team. CV and contact details. kpmg.co.nz ADVISORY Our AML/CFT team CV and contact details kpmg.co.nz STEPHEN BELL T: +64 9 367 5834 stephencbell@kpmg.co.nz PARTNER, FORENSIC SERVICES Stephen is the national lead partner for forensic services,

More information

AN INTRODUCTION TO FORENSIC INVESTIGATION MAY 2012

AN INTRODUCTION TO FORENSIC INVESTIGATION MAY 2012 AN INTRODUCTION TO FORENSIC INVESTIGATION 14-18 MAY 2012 The Professional Development Project of the Faculty of Law, UCT is pleased to present a 5 day introductory course in Forensic Investigation. About

More information

ALABAMA CRIME VICTIMS COMPENSATION COMMISSION ADMINISTRATIVE CODE CHAPTER 262-X-1 DEFINITIONS TABLE OF CONTENTS

ALABAMA CRIME VICTIMS COMPENSATION COMMISSION ADMINISTRATIVE CODE CHAPTER 262-X-1 DEFINITIONS TABLE OF CONTENTS Crime Victims Chapter 262-X-1 ALABAMA CRIME VICTIMS COMPENSATION COMMISSION ADMINISTRATIVE CODE CHAPTER 262-X-1 DEFINITIONS TABLE OF CONTENTS 262-X-1-.01 General Information And Definitions 262-X-1-.01

More information

THE KEMNAL ACADEMIES TRUST. Gifts and Hospitality Policy (including fraud, bribery and corruption)

THE KEMNAL ACADEMIES TRUST. Gifts and Hospitality Policy (including fraud, bribery and corruption) THE KEMNAL ACADEMIES TRUST Gifts and Hospitality Policy (including fraud, bribery and corruption) 1. Policy Statement 1.1 The purpose of this policy is to set out The Kemnal Academies Trust (The Trust)

More information

BRANDEIS UNIVERSITY LEGAL STUDIES PROGRAM. LGLS 127B: International Economic Law

BRANDEIS UNIVERSITY LEGAL STUDIES PROGRAM. LGLS 127B: International Economic Law BRANDEIS UNIVERSITY LEGAL STUDIES PROGRAM LGLS 127B: International Economic Law Professor Guive Mirfendereski Spring 2015 Tuesday & Thursday 5:00-6:20 PM Office Hours: Brown 320 Tuesday and Thursday 3:00-4:30

More information

THEMED EXAMINATION PROGRAMME 2011: ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM

THEMED EXAMINATION PROGRAMME 2011: ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM THEMED EXAMINATION PROGRAMME 2011: ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM SUMMARY FINDINGS DOCUMENT OVERVIEW 1 Introduction 1 2 Scope 1 3 Preliminary Observations 2 4 Major areas

More information

Lucy Sutcliffe Fiscal Crime Liaison Officer Pretoria, South Africa

Lucy Sutcliffe Fiscal Crime Liaison Officer Pretoria, South Africa Lucy Sutcliffe Fiscal Crime Liaison Officer Pretoria, South Africa HM Revenue & Customs (HMRC) is the tax administration and customs authority for the United Kingdom. HMRC ensures that money is available

More information

Code of Ethics. Pagina 1 di 8

Code of Ethics. Pagina 1 di 8 Code of Ethics 1.1 Main principles The main principle the Company applies is the respect to all countries current laws and regulations concerning the company s activity and to forbid any breaking behavior;

More information

HRIR 6503 Employer Sponsored Employee Benefit Plans

HRIR 6503 Employer Sponsored Employee Benefit Plans University of Minnesota HRIR 6503 Employer Sponsored Employee Benefit Plans 9/12/2016 10/24/2016 (7 weeks) Instructor Class Day/Time Mr. Robert (Bob) Leone (612) 719 2482 rleone@umn.edu Monday nights 5:45

More information

REPUBLIC OF NAMIBIA NATIONAL STRATEGY ANTI-MONEY LAUNDERING COMBATTING THE FINANCING OF TERRORISM

REPUBLIC OF NAMIBIA NATIONAL STRATEGY ANTI-MONEY LAUNDERING COMBATTING THE FINANCING OF TERRORISM REPUBLIC OF NAMIBIA NATIONAL STRATEGY ON ANTI-MONEY LAUNDERING AND COMBATTING THE FINANCING OF TERRORISM 2 GLOSSARY AND ABBREVIATIONS ACC AML AMLAC BoN CFT DNFBPs ESAAMLG FATF FI Anti-Corruption Commission

More information