Anti-Corruption and Anti-Money Laundering & Financial Crime

Description

Introduction

Corruption pollutes the markets, politics and development. More than 20 billion dollars is estimated to be stolen by corrupt officials every year. Impunity and control over the territory render criminals more reliable.

Honest people and in particular entrepreneurs may find it more difficult to resist to the criminal pressures when the rule of law is undermined, and criminals are more potent than the state. They will be less likely to denounce pressures, violence and extortion if they do not consider public authorities capable of protecting them and enforce the law.

Organised crime enjoys impunity when a government cannot perform its functions; strong institutional capacity is, therefore, crucial to effectively address the phenomenon.

Course Content

• Introduction to the money laundering regulations
• The proceeds of crime and terrorism acts
• The financial services and markets acts
• Framework for anti-money laundering and anti-bribery and corruption measures
• Preventive measures

Learning Outcomes

• Understand the craft and dynamics of corruption and money laundering
• Be able to identify and explain the law concerning money laundering
• Understand anti-corruption acts and the implications for economies
• Understand the enforcement of the law concerning money laundering and anti-corruption
• Be able to tell why anti-bribery measures and procedures are essential
• Be prepared to explain the concept of money laundering and understand its impact on both the financial services sector and national economy
• Apply a holistic approach to corruption risk mitigation