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Compliance Standards

2021/2022
Учебный год
ENG
Обучение ведется на английском языке
4
Кредиты
Статус:
Курс обязательный
Когда читается:
1-й курс, 1, 2 модуль

Course Syllabus

Abstract

Compliance Standards. Compliance - a set of measures taken to identify, eliminate and prevent violations of Russian and international legislation, to combat corruption, as well as to protect moral and ethical standards
Learning Objectives

Learning Objectives

  • Compliance Standards. Compliance - a set of measures taken to identify, eliminate and prevent violations of Russian and international legislation, to combat corruption, as well as to protect moral and ethical standards
Expected Learning Outcomes

Expected Learning Outcomes

  • Students must get knowledge on: • general international legal norms, standards and guidance on preventing and combating money laundering, financing of terrorism and corruption; • the role of international organizations and groups: UN, Council of Europe, OECD, FATF, FSRB’s, Egmont Group; • implementation of international legal norms and standards in national laws and judicial practices; • implementation of AML/CFT and anti-corruption compliance in companies.
  • Skills and abilities: • to apply legal norms in the fields of preventing and combating money laundering and corruption; • to design and implement AML/CFT and anti-corruption compliance programs in companies and financial institutions; • to conduct due diligence, mitigate the risks of money laundering and corruption, identify suspicious transactions and conduct financial investigations.
  • Students should gain the following competences: • ability to work with information (search, evaluate, use information, necessary for fulfillment of academic and professional tasks, from various sources, including application of the systematic approach); • ability to carry out professional activities in the international environment; • ability to search, analyze, and work with legally relevant information by using the juridical, comparative and other specific methods,
Course Contents

Course Contents

  • Transnational Organized Crime, Corruption and International Terrorism – Global Threats for International Peace and Security
    1. Global criminal market. 2. Transnational organized crime. 3. Money laundering: definition, goals and influence on the legal economy. 4. International terrorism. 5. Distinctive features of modern terrorism. 6. International legal framework of combating international terrorism. 7. The problem of responsibility of international terrorist organizations and states. 8. Cyberterrorism as a new challenge for international law. 9. Introduction to the study of corruption. 10. Corruption, transnational organized crime and terrorism.
  • Money Laundering: The Main Models and Typologies
    1. Main models of money laundering. 2. Definition and main elements of typologies. 3. Three groups of typologies. 4. Research of typologies in FATF and FSRB’s. 5. Risk-based approach. 6. Misuse of cash-transactions. 7. Money laundering in insurance sector. 8. Misuse of real estate market. 9. VAT-fraud and money laundering. 10. Laundering of proceeds gained from illegal drug trafficking. 11. Laundering of proceeds gained from corruption offences. 12. Specifics of typologies in the Eurasian region.
  • Financing of Terrorism
    1. General overview of the financing of terrorism. 2. Typologies of the financing of terrorism. 3. Misuse of non-profit organizations. 4. Alternative remittance systems. 5. Cash-couriers. 6. Regional specifics.
  • The International AML/CFT System
    1. The Role of UN Convention 1988 in the establishing of international AML/CFT system. 2. Development of international AML/CFT system. 3. Structure of AML/CFT system. 4. The Role of UN-General Assembly and Security Council resolutions in countering money laundering and financing of terrorism. 5. Listing of terrorists and assets freezing. 6. Regional cooperation. 7. Cooperation with private sector. Obligations of financial institutions and designated nonfinancial businesses and professions. 8. Main problems and perspectives.
  • The Financial Action Task Force on Money Laundering (FATF) and FATF-style Regional Bodies
    1. Establishing and development of the FATF. 2. Structure of the FATF. 3. The FATF – standards and their impact on national laws. 4. Mutual evaluation process. 5. Non-cooperative countries and territories. 6. Research of typologies. 7. Prohibition of proliferation financing. 8. FATF-style regional bodies.
  • Financial Intelligence Unit (FIU). Egmont Group
    1. Egmont Group’s definition of Financial Intelligence Unit (FIU). 2. FIU in international conventions. 3. Types of FIU. 4. Goals of FIU. 5. Financial investigations. 6. Supervision. 7. Egmont Group and international cooperation.
Assessment Elements

Assessment Elements

  • non-blocking Oral survey
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.7 * Exam + 0.3 * Oral survey
Bibliography

Bibliography

Recommended Core Bibliography

  • Oxnevad, I. (2019). Making a Killing: The Cause of Misfire in Counter-Terrorist Financing Regulation. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edssch&AN=edssch.oai%3aescholarship.org%2fark%3a%2f13030%2fqt0js1m843
  • The Applicability of Article 4 of Anti-Corruption Law and the Theory of Tort. (2019). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.B1C40121
  • The institutionalisation of public relations in the fight against corruption: the experience of countries of Eastern and Western legal traditions (universal theoretical framework for relevant anti-corruption law of Ukraine): Collective monograph. Vol. 2. Tallinn, Estonia: Izdevniecība ’Baltija Publishing’, 2019. 448 p. (2019). Europe, Europe. https://doi.org/10.5281/zenodo.3462724
  • Thomas Kruessmann. (2018). The compliance movement in russia: what is driving it? Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.737265C8

Recommended Additional Bibliography

  • Bela S. Batayeva, & Vera A. Cherepanova. (2018). Compliance as a Means of Improving Corporate Governance in Russian Companies and Its Development Prospects. Экономика. Налоги. Право, (5), 30. https://doi.org/10.26794/1999-849X-2017-10-5-30-36
  • COVLEA, M. I. (2016). Money Laundering - the Link between International Organised Crime and Global Terrorism. Knowledge Horizons / Orizonturi Ale Cunoasterii, 8(1), 186–191. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=asn&AN=115752200
  • H. D. Gambarov. (2018). Regional Anti-Money Laundering Cooperation in the African Union. Vestnik MGIMO-Universiteta, (3(60)), 126. https://doi.org/10.24833/2071-8160-2018-3-60-126-138
  • Viktor Petrovich Kirilenko, & Georgy Valeryevich Alekseev. (2018). International Integration, Democracy and Information Security of the State. Управленческое Консультирование, (3), 8. https://doi.org/10.22394/1726-1139-2017-3-8-15