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Unit of study_

CLAW6031: International Financial Crime

Semester 1, 2020 [Normal day] - Camperdown/Darlington, Sydney

International financial crime occupies a leading place on the international governance agenda. It has a devastating impact on national economies, international security and human development. This unit examines key international financial crimes such as investment fraud, corruption, tax evasion, money laundering and terrorist financing. Students gain an understanding of how these crimes are committed, detected and prosecuted. They analyse the changing regulatory environment and the new risks facing businesses and the professions. The role of bank secrecy and tax havens in facilitating financial crime is also studied. There is a special focus on the prevention of financial crime, and the regime for tracing, freezing and recovery of illicit assets. The unit draws on case studies from Australia, the United States, Europe and Asia so as to gain a better appreciation of the national and international responses to international financial crime.

Unit details and rules

Unit code CLAW6031
Academic unit
Credit points 6
Prohibitions
? 
None
Prerequisites
? 
None
Corequisites
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

Yes

Teaching staff

Coordinator David Chaikin, david.chaikin@sydney.edu.au
Type Description Weight Due Length
Final exam Final exam
Hypothetical problems and short essay questions
60% Formal exam period 2.5 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
In-semester test Tests
MCQ
10% Mid-semester exam period 1 hour
Outcomes assessed: LO1 LO5 LO4 LO3 LO2
Assignment Research exercise
Research exercise
30% Week 11 3 short research questions
Outcomes assessed: LO1 LO2 LO3 LO5

Assessment summary

  • Test: This quiz/MCE will be an open book test which is designed to test a student's understanding of the material covered in the lectures and in the reading materials.
  • Research exercise: This will consist of three short research questions on various issues
  • Final exam: The final exam will be open book. It will consist of essay type problems and/or short hypotheticals testing students' understanding of the material covered in the lectures and reading materials, especially on the topics in the period after the mid-semester exam.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Distinction

75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Credit

65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Pass

50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Week 01 Introduction to international financial crime Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 02 Money laundering risks and typologies Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 03 Underground banking and terrorist financing Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 04 Regulation of money laundering Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 05 Regulation of money laundering Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 06 Criminal liability and asset confiscation Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 07 Insider trading Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 08 Insider trading Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 09 International fraud and cybercrime Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 10 Transnational corruption Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 11 Offshore financial centres, secrecy and crime Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 12 Extraterritoriality and international co-operation Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 13 Revision workshop Seminar (3 hr)  

Attendance and class requirements

Lecture recording: All lectures and seminars are recorded and will be available on Canvas for student use. Please note the business school does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

All readings for this unit are available on Canvas.

  • David Chaikin (ed) (2020) International Financial Crime Materials

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. demonstrate an integrated understanding of key concepts, techniques and trends in international financial crime and the challenges and opportunities involved in applying this knowledge in a business context
  • LO2. engage in critical thinking and question, assess and respond independently and creatively to assumptions, propositions and debates within one or more fields of business practice
  • LO3. identify and diagnose complex and unfamiliar problems in international financial crime, and to use the evidence and findings generated to formulate strategically appropriate solutions within global business practice
  • LO4. develop and demonstrate persuasive communication skills and use a range of communications strategies to reach agreement with others about appropriate responses to complex and unfamiliar problems within international financial crime
  • LO5. develop skills to produce a written report on an international financial crime problem through group interactions, including assignment of component tasks to individual students and consolidation of individual contributions to the final report.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

No changes have been made since this unit was last offered.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

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