Module LAW54015: Commercial Fraud

Department: Law

LAW54015: Commercial Fraud

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• None

Aims

• To develop a thorough knowledge of the law relating to money laundering both in terms of the criminal law and in terms of asset recovery.
• to develop a basic understanding of the impact and effect of human rights provisions upon money laundering law.
• to develop a sound knowledge of English legal rules which respond to fraud in the commercial context.
• to develop an appreciation of the position of the victim of fraud and an understanding of the remedies available to him.
• to develop the ability to distinguish between personal and proprietary actions available both to private victims and the State.

Content

• an examination and analysis of European Money Laundering Regulations and the relevant English statutory provisions relevant to money laundering;
• an examination of following and recovering misappropriated property or tracing value into substitute assets such as proceeds of sale;
• an examination of the personal liability at law and in equity of the primary fraudster, those who have received misappropriated property and accessories.

Learning Outcomes

• the laws, treaties and directives governing money laundering;
• the relevant principles drawn from English statutes, common law and equity which respond to fraud.

• the ability to identify and analyze relevant principles which are concerned with tackling fraudulent activity.
• the ability to explain how these principles would apply in practice.
• the ability to identify and discuss policy issues which operate in this area.
• the development of a critical awareness of current challenges in this area.
• the ability to produce individual research in this area and to consider alternative strategies for combatting fraudulent activity.

• understanding, analysis and critique

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Through an in-depth knowledge of domestic, European and international efforts to prevent money laundering and English civil law remedies concerning recovery of fraudulently obtained property, compensation and stripping of profits;
• By allowing students to develop a critical understanding of relevant policy issues

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

The outline for the summative assessment will be marked as formative assessment.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University