FL500 – Money Laundering, Financial Fraud & Market Abuse

This course aims at exploring the accountability of legal domains against money laundering. There is a need to introduce robust strategies by way of convergence of national and international law and enforcement strategies which can improve the legal disclosures mechanism and enhance accountability and potential of financial organisations in the battle against money laundering. This course focuses on academic and empirical research that indicates that where monetary and financial institutions, which have improved legal initiatives, they have been successful in cutting down the rate of criminalisation, thereby increasing the mobility of legal money in the world capital markets. In addition to this, the current trend of insider trading and financial market manipulation has also increased the concerns for addressing the issues of money laundering. This course will finally focus initiatives at both national and international level to enforce relevant national laws and directives, which have targeted jurisdictions offering limited financial regulation, bank confidentiality and low levels of taxation. The effectiveness of these initiatives leaves much to be desired as laundered money and financial market abuse has been used successfully in terrorist financing which is a great threat to world peace and stability.