Introduction to Anti Money Laundering cz. 1 2400-ZEWW1001

Focusing on relevant best practice, legislation and regulations, the course examines anti-money laundering activities including “know your customer” and customer due diligence as well as combating terrorist financing. The course introduces elements of financial crimes, banking products as well as basic means and schemes for money laundering. Students are provided with case studies and niche money laundering methodologies to visualize the unique situations where money laundering can occur. Advanced elements involved in the reporting of suspicious transactions are explored, including tipping off and politically exposed person risk as well as the so-called risk-based approach towards data analysis. The course focuses on current major issues that impact upon the money laundering prevention role.

The course consists of several units. Each unit contains a set of learning objectives, technical content, practical examples, case studies and tasks to complete. The course will have the following content:
• AML course overview and subject introduction (2h)
•Terrorist financing prevention and sanctions (4h)
•Cartels and Drug Trafficking (2h)
• Banking products in money laundering (2h)
• Money Laundering in Cards (2h)
• Customer Due Diligence (2h)
•High Risk Customers, PEPs, Corruption (4h)
•Tax Heavens and Free Trade Zones (2h)
•Risk based approach (2h)
•Suspicion and predicate crime (2h)
•Money Laundering prevention in practice (4h)
•Final exam (2h)

Type of course

optional courses

Prerequisites (description)

• Number of places is limited to 20 places for WNE UW and MOST students and 5 places for Erasmus students. • In case of WNE UW and MOST students, students are selected for the course based on grades from selected subjects: a) bachelor students: Microeconomics parts I, II and III; Macroeconomics I and II; b) Master students I year: grade from bachelor studies diploma; c) Master students II year: Advanced Microeconomics, Advanced Macroeconomics. • In case of Erasmus students places are allocated during registration according to ”first come, first served”.

Course coordinators

Stanisław Cichocki

Learning outcomes

Knowledge:

1. The student understands the problem of money laundering and terrorist financing.
2. The student understands the vulnerabilities of financial institutions to money laundering and terrorist financing.
3. The student knows the legal and regulatory structures of anti-money laundering and combating terrorist financing.
4. The student knows the management obligations and the risk-based approach to money laundering and terrorist financing.
5. The student knows modern typologies of money laundering and is able to recognize them.

S1A_W07, S1A_W08

Skills:

1. The student is capable of recognizing examples of money laundering.
2. The student is capable of constructing simple methods of money laundering prevention.

S1A_U05, S1A_U06, S1A_U07, S1A_U08

Social competences:

1. The student is aware of the problem of money laundering and its prevention in modern societies.
2. The student is able to present the result of his work or the work of a group he was a member of.
3. The student is capable of working individually and in a group.
4. The student is able to complete the acquired knowledge.

S1A_K02, S1A_K06, S1A_K07, KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03

Assessment criteria

2 hours exam at the end of the course. The exam consists of a multiple-choice test and a case study.
Top 25% students of the class rank obtain access to a fast-track recruitment process to Citi's AML department.

Additional information

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

Description of 2400-ZEWW1001 in USOSweb