FAC734 - Money Laundering and Asset Tracing

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Last revision date Sep 30, 2019 12:06:47 AM
Last review date Dec 2, 2019 12:15:02 AM

Subject Title
Money Laundering and Asset Tracing

Subject Description
Money laundering is at the very heart of financial aspects of crime and is a common method of financing terrorist and other illegal activity. This course will look at all aspects of money laundering, the international scene and the increased regulatory intervention designed to suppress such illegal activities. As well, the students will focus on the concept of asset tracing.

Credit Status
One Credit of the professional requirements in the post-graduate Certificate Programs in Forensic Accounting.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Demonstrate an understanding of how money-laundering schemes are used to hide the proceeds of criminal activity and to finance terrorist activities.
  2. Identify and assess the effectiveness of anti-money laundering controls currently in place in North America and other jurisdictions.
  3. Evaluate and assess international developments and trends in combating money laundering.
  4. Identify and describe procedures and methods used in tracing assets.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.