MONEY LAUNDERING PREVENTION SYSTEM:
Money laundering prevention system
Chair of Financial Law and Financial Science
Money laundering prevention system
Study: Tax - 5. semester
Code: 123939
ECTS: 5.0
Course coordinators: izv. prof. dr. sc. Sonja Cindori
Exam dates:
  • 27. 01. 2020.
  • 10. 02. 2020.
  • 20. 04. 2020.
  • 01. 06. 2020.
  • 15. 06. 2020.
  • 29. 06. 2020.
  • 31. 08. 2020.
  • 14. 09. 2020.
Exam registration: Studomat
Basic data
Money laundering prevention system Tax - 5. semester
5.0 123939
Lecturer in charge Consultations Location
izv. prof. dr. sc. Sonja Cindori

Wednesday, 10 - 11

Ćirilometodska 4, room 48
Literature
Sonja Cindori; Sustav sprječavanja pranja novca; Pravni fakultet: Zagreb (2010)
Zakon o sprječavanju pranja novca;
Description
notion of money laundering - 2L
money laundering prevention in the Republic of Croatia - 9L
the importance of prevention - 5L
financial-intelligence unite - 3L
international regulations - 8L
international financial scams - 3L
Exam dates
27. 01. 2020.
10. 02. 2020.
20. 04. 2020.
01. 06. 2020.
15. 06. 2020.
29. 06. 2020.
31. 08. 2020.
14. 09. 2020.
Detailed data
Cognitive Skills:

Knowledge and understanding

After successfully completing the course, students will be able to:

- describe the development and differences of the attitude towards specific roles of obligated persons who implement measures for the prevention of money laundering and terrorist financing;

- define basic concepts of money laundering and terrorist financing;

- recognise similarities and differences in defining prevention measures on horizontal and vertical levels;

- name prevention mechanisms on the national and international level;

- discuss the significance of risk assessment system:

- express a critical opinion about the efficiency of models of the organisation of financial- intelligence units.

Application

After successfully completing the course, students will be able to:

- summarise themost important determinants of the risk assessment system;

- express a critical opinion about the role of individual groups of obligated persons;

- understand and distinguish between basic values of prevention of money laundering and system for prevention of terrorist financing;

- discuss advantages and disadvantages of the measures of in-depth analysis of the party;

- connect and compare the development and revision of FATF.

Analysis

After successfully completing the course, students will be able to:

- compare the development of system of prevention on the national and international level;

- distinguisj the role of the body for assessment of the efficiency of national prevention systems;

- indicate shortcomings of defining the concept of sham transactions;

- analyse models for financing terrorism;

- distinguish between the crime of money laundering from predicate offences

Synthesis

After successfully completing the course, students will be able to:

- formulate basic determinants and significance of the prevention system;

- prepare an overview of individual prevention measures with regard to objects and subjects of their implementation;

- critically relate to the modality of application of the risk assessment system in national limits;

- connect and emphasise connections between prevention of money laundering and porevention of terrorist financing;

- conclude about the significance of changing modalities of prevention on the international level.

Evaluation

After successfully completing the course, students will be able to:

- create and propose new connections between advancement of technology, money laundering modalities and terrorist financing with current measures for their prevention;

- evaluate the existing results of freezing accounts;

- conclude about the efficiency of models of organisation of financial-intelligence units,

- assess the significance and efficiency of prevention measures and their influence on the actions of obligated persons.

Practical and Generic Skills:

After successfully completing the course, students will be able to:

- demonstrate and apply acquiredknowledge in writing and in practical independent or team work;

- write a paper containing the description and explanationn of concepts and definitions of the prevention system;

- creatively use and assess acquired knowledge and skills;

- express themselves with argumented facts and categorise potential doubts.

Matching Assessments to Learning Outcomes:

- learning outcomes from all groups will be tested by oral examinations

- grading criteria: asking five to eight questions within which theoretical knolwledge and connecting the subject matter related to money laundering and modalities of financing terriorism is tested.