Topic: Law
of Financial Crimes
Scenario:
Consider you are in the financial crimes unit/department in the company as a
legal compliance consultant. You are writing a detailed report relating to the
Laws relating to Financial Crimes based on the following tasks for the purpose
of creating awareness in your company to meet its regulatory and legislative
requirements especially how to identify, prevent and comply with applicable
laws. You are allowed to use your own country laws relating to ‘tasks’ &
can compare with the UK legislation. Your company will use your report for its
monitoring, improvement & training purposes.
Task 1 (minimum
1000 words): Explicate concepts of insider dealing and market abuse that damage
the interests of ordinary market participants and justify applicable legal
regulations to deal with the financial crimes.
1.1.
Explain civil offence according to the Financial
Services and Markets Act 2000 and identify sources of law on insider dealing.
1.2.
Compare the statutory frameworks and EC context
on dealing with insider dealing and market abuse.
1.3.
Analyse the general offences of financial crimes
under Financial Services and Markets Act 2000, Fraud Act 2006 and Theft Act
1968.
1.4.
Justify how the market abuse regulation sand
powers of regulators act decisively against insider dealing and related
financial frauds.
Task 2 (minimum
1000 words): Assess the money laundering regulations on businesses and its
international dimensions.
2.1.
Explain the purpose of money laundering
regulations.
2.2.
Evaluate the international dimensions of money
laundering regulations.
2.3.
Outline the background of proceeds of Crime Act
2002 and explain offences under its provisions.
2.4.
Assess the consequences of money laundering on
the society.
Task 3 (minimum
1000 words): Research and explain the nature of law on financial crime
3.1. Explain historic and economic context of
general provisions of law on money laundering, terrorist financing, corruption.
3.2. Identify the EC Market Abuse Directive to
control market manipulation and abusive practices.
3.3. Explain the role of criminal law in
supporting financial regulations in United Kingdom.
3.3. Analyse civil recovery in
context of financial crimes
Use several Case
Studies where appropriate
Use the
synthesis of information by consulting with leading scholarly articles
References and
Citations using OSCOLA:
·
https://www.law.ox.ac.uk/sites/files/oxlaw/oscola_4th_edn_hart_2012.pdf
·
https://xerte.cardiff.ac.uk/play_6716#page1
