International Diploma in Financial Crime Prevention

International Diploma in Financial Crime Prevention 

The total word count for this assignment should be between 2,500 and 3,500 words. This includes all in text references and appendices but excludes any footnotes, reference page or contents page. N.B. Appendices should only be used in exceptional circumstances and should consist of only brief extracts or tables. 8. The amount of words per question should reflect the number of marks allocated. 9. Penalties will be applied for excessive overall word count.

All questions can be answered in relation to a jurisdiction with which you are familiar. Where a specific jurisdiction has been selected this should be clearly stated in your answer. Answer all questions.

Question 1

Identify and evaluate two key aspects that the regulator(s), within a jurisdiction and sector of your choice, would expect to see within a regulated firm that would assist to form an effective fraud detection and prevention regime, as part of an overall financial crime-based framework. 20 marks

Question 2

The movement of money relating to fraud is when the proceeds of crime from fraud, or money needed to fund fraudulent activity, is moved. www.actionfraud.org.uk Identify and evaluate the interaction between fraud and money laundering, including a discussion that details how fraudsters could seek to move the proceeds of crime. Use examples to support your analysis. 20 marks

Question 3

For many years, the behavioural and psychological profiles of fraudsters have been analysed by experts globally. (a) Explain one of the main reasons or motives for an individual to commit fraud. (5 marks) (b) Explain one of the main behavioural characteristics associated with a fraudster. (5 marks) 10 marks

Question 4

Describe some of the characteristics and risks associated with the ‘advance fee fraud’ typology, as well as recommended measures to mitigate the risks. 10 marks

Question 5

Firms with international businesses in a range of global centres need to be aware of differences in the legal models (systems of law) prevalent in each jurisdiction. Outline and discuss the differences between common and civil law. Use jurisdictional examples to support your analysis. 10 marks

Question 6

Explain the importance of, and also how, an effective corporate governance regime within a regulated firm would assist in the prevention of financial crimes. 10 marks

Question 7

In some instances, the funding of an individual terror attack requires a relatively small amount of funding. Terrorist funding and the transfer of assets have been a global concern for many decades. Identify and examine two recognised funding activities and highlight how funds can be transferred cross-border. 10 marks

Question 8

Select a jurisdiction of your choice. Discuss the measures taken by the jurisdiction to counter-bribery and corruption, including any relevant legal and regulatory obligations. 10 marks Total 100 marks