Law of financial crime
This course exists due to the large number of requests for it by students. In the wake of the recent global financial crisis a huge amount of financial crime has been exposed to view ranging from the Bernard Madoff collapse right through to the PPI mis-selling scandal and the prosecutions for insider dealing. This has become a very hot topic and a fascinating time to study not just how the law works in the UK but also how should the criminal law, financial market practice and financial regulation all interact. In this course we will also be investigating where criminal law works better and where financial regulation works better when tackling the kinds of abusive practices that we are concerned about. We will also discuss the line between what is criminal and what is unethical and where that boundary should be. One of the strengths of this course is that you are not just learning the law, and you aren’t just learning how to use that law in practice. You’re also reflecting on what that law means and where that law will go in the future.
[Please note: this course replaces 'Fraud, corruption and money laundering']
Module A: Insider dealing and market abuse
- The principal offence of insider dealing
- Other insider dealing offences
- The regulation of market abuse by the FCA
- The rationale for criminalising insider dealing.
Module B: Fraud and market manipulation
- Market manipulation
- Fraud under the Fraud Act 2006
- Theft in financial transactions
- The practical difficulties of policing fraud in financial markets.
Module C: Money laundering
- Money laundering under the Proceeds of Crime Act 2002
- Other money laundering offences
- The regulation of money laundering
- The policy underpinning money-laundering law.
Module D: The nature of the law on financial crime
- The objectives of the law on financial crime
- The criminal law and financial regulation
- Theoretical justifications for recovery of property derived from crime
- Offshoring and international financial crime.
Each module will be assessed by a 45-minute unseen written examination.
It is strongly recommended you complete Module A, B and C before Module D.
How to apply
You can apply to study a module individually as a standalone unit or as part of a Postgraduate Certificate, Postgraduate Diploma or Master of Laws qualification. (In either scenario, they must be studied in order.)
These modules also contribute towards the following specialist pathways for Laws:
- Banking and Finance Law
- Commercial and Corporate Law
- Common Law
- Corporate and Securities Law
- Criminology and Criminal Justice
- Economic Regulation
- Financial Services Law
- International Business Law
- International Criminal Justice.