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Introduction to Anti Money Laundering

General data

Course ID: 2400-ZEWW715 Erasmus code / ISCED: 14.3 / (0311) Economics
Course title: Introduction to Anti Money Laundering Name in Polish: Introduction to Anti Money Laundering
Department: Faculty of Economic Sciences
Course groups: (in Polish) Przedmioty kierunkowe dla Data Science
(in Polish) Przedmioty kierunkowe do wyboru - studia II stopnia FIR - grupa 2 (2*30h)
(in Polish) Przedmioty kierunkowe do wyboru - studia II stopnia FIR - grupa 3 (4*30h)
(in Polish) Przedmioty wyboru kierunkowego dla studiów licencjackich FIM
(in Polish) Przedmioty wyboru kierunkowego dla studiów licencjackich FIR
(in Polish) Przedmioty wyboru kierunkowego dla studiów licencjackich FPiP
Electives for graduate students of all specialties and fields of study
English-language course offering of the Faculty of Economics
ECTS credit allocation (and other scores): 3.00
view allocation of credits
Language: English
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”.


Short description:

The course will have the following content:

• AML course overview and subject introduction (2h)

• Terrorist financing prevention and sanctions (4h)

• Money laundering and terrorists financing risk

factors (8h)

• Money laundering prevention in practise (10h)

• AML legal framework (4h)

• Final exam (2h).

Top 25% students of the class rank obtain access to a fast-track recruitment process to Citi's AML department.

Full description:

Focusing on relevant best practice, legislation and regulations, the course examines money laundering activities including “know your customer” and customer due diligence as well as terrorist financing. Elements involved in the reporting of suspicious transactions are explored, including tipping off and politically exposed person risk. The course focuses on current major issues that impact upon the money laundering prevention role.

The course consists of five units. Each unit contains a set of learning objectives, technical content, practical examples, case studies and tasks to complete.

Bibliography:

• The FATF Recommendations, 2012

• Wolfsberg Statement - Guidance on a Risk Based

Approach for Managing Money Laundering Risks,

2006

• Wolfsberg Group PEP Guidance, 2017

• The Puppet Masters, World Bank, 2011

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.

Skills:

1. The student is capable of recognizing simple examples of money laundering.

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

3. The student is capable of proposing changes to existing legal structures so as to prevent money laundering.

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.

KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03

Assessment methods and assessment criteria:

2 hours exam at the end of the course. The exam consists of a multiple-choice test and of a case study.

Top 25% students of the class rank obtain access to a fast-track recruitment process to Citi's AML department

Classes in period "Summer semester 2018/19" (past)

Time span: 2019-02-16 - 2019-06-08
Choosen plan division:


magnify
see course schedule
Type of class: Seminar, 30 hours more information
Coordinators: Stanisław Cichocki
Group instructors: Stanisław Cichocki
Students list: (inaccessible to you)
Examination: Course - Grading
Seminar - Grading

Classes in period "Summer semester 2019/20" (in progress)

Time span: 2020-02-17 - 2020-06-10
Choosen plan division:


magnify
see course schedule
Type of class: Seminar, 30 hours more information
Coordinators: Stanisław Cichocki
Group instructors: Stanisław Cichocki
Students list: (inaccessible to you)
Examination: Course - Grading
Seminar - Grading
Course descriptions are protected by copyright.
Copyright by University of Warsaw.