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Course

Anti-Money Laundering - JURD7511

Faculty: Faculty of Law

School: Faculty of Law

Course Outline: See below

Campus: Sydney

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 2

Enrolment Requirements:

Pre-requisite: 36 UOC of JURD courses for students enrolled prior to 2013. For students enrolled after 2013, pre-requisite: 72 UOC of JURD courses.

Excluded: LAWS8011

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

This course will examine the money laundering process and common typologies and will provide a critical appreciation of international initiatives, including recent measures to counter the financing of terrorism. It will cover Commonwealth and State laws and the requirements for reporting of financial transactions and include an analysis of international anti-money laundering initiatives and comparative anti money laundering and confiscation regimes, and policy issues surrounding confiscation regimes. Consideration will also be given to the relationship between the development of anti-money laundering initiatives and the use by criminals of typologies in the context of globalisation; of cross border crime and corruption; and counter measures in developing economies.


Recommended Prior Knowledge

None

Course Objectives

By the time you have completed this subject, you should be able to demonstrate the following knowledge, skills and professional attributes:
  • An understanding of anti-money laundering and confiscation processes and a familiarity with comparative anti-money laundering and confiscation regimes
  • An understanding and critical appreciation of the issues surrounding Commonwealth and State anti-money laundering and proceeds of crime legislation
  • A critical appreciation of international initiatives to counter money laundering and the financing of terrorism in the context of a global economy

Main Topics

  • Money laundering and international initiatives: money laundering processes and typologies; the development of anti-money laundering initiatives; the international legal framework; combating the financing of terrorism; comparative anti-money laundering laws and confiscation regimes; Australian legal framework: the history and development of Australia's anti-money laundering regime; Commonwealth laws and institutions; laws and institutions in New South Wales
  • Money laundering and the global economy: money laundering and terrorism; money laundering, corruption and trans-national crime; money laundering in developing and emerging economies

Assessment

Research Essay 4000-5000 words 65%
Class Presentation 25%
Class Participation each class 10%
 

Course Texts

Prescribed

Recommended
William Gilmore, Dirty Money: The Evolution of International Measures to Counter Money Laundering and the Financing of Terrorism, (3rd ed, 2004), France, Council of Europe Publishing.

John Broome, Anti Money Laundering. International Practice and Policies (2005) Thompson (Sweet and Maxwell).

Peter Lilley, Dirty Dealing: The Untold Truth About Global Money Laundering, International Crime and Terrorism (3rd ed, 2006) London, Kogan Page.

Additional course materials will be available at the first class.

Law Books

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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