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Course

Anti-Money Laundering and Proceeds of Crime: Laws and Counter Measures - LAWS8011

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: Academic program must be 9200 or 9210 or 9230 or 5740 or 9220 or 5750 or 9285 or 5285 or 9231 or 5231.

Excluded: JURD7511

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.

Description

The course will examine issues relevant to the money laundering process and asset forfeiture. This will include a consideration of some common typologies/ case studies in the area and a consideration of the extent and impact of money laundering. It is intended to provide a critical appreciation of international initiatives and arrangements to counter money laundering and terrorist financing. It will cover relevant Commonwealth and State Laws and the requirements and arrangements for reporting various financial transactions and the obligations imposed on various entities under Australia's anti money laundering regime. It will include an overview of comparative anti money laundering and asset forfeiture regimes and include a consideration of legal and policy issues surrounding anti money laundering, terrorist financing and asset forfeiture.


LLM Specialisations

Recommended Prior Knowledge

Non-law graduates should note that this course has a strong law focus.

Course Objectives

Students who complete this course should be able to demonstrate:
  • An understanding of Commonwealth and State anti money laundering/ counter-terrorist financing and proceeds of crime processes and a familiarity with some other relevant anti money laundering and proceeds of crime regimes.
  • An understanding and appreciation of the policy and legal issues surrounding Commonwealth and State anti money laundering/counter-terrorist financing and proceeds of crime legislation.
  • A critical appreciation of relevant international initiatives to counter money laundering and the financing of terrorism and to deal with proceeds of crime issues. An appreciation of money laundering and related issues by reference to particular sectors of the global and local economy, particular professions and commercial arrangements.

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
 TBA
65%
Class presentation
 TBA
25%
Class Participation
Each class
10%

Course Texts

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.

Law Books

Study Levels

Undergraduate Study Postgraudate Study Postgraduate Research Study Non-Award Study

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