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Postgraduate Laws programme:
Master of Laws (LLM), Postgraduate Diploma and Postgraduate Certificate

Course outline (not yet available)


Law of financial crime
[Please note: this course replaces 'Fraud, corruption and money laundering']
Section A: Financial crime and the regulation of market abuse
· The sources of the law on financial crime
· The objectives of the law on financial crime
· The economic and historical context of the law on corruption
· The role of information and transparency in financial criminal law
· The EC Market Abuse Directive
· The role of the Financial Services Authority (FSA) in prosecuting criminal offences
· Principal criminal offence in Financial Services and Markets Act (FSMA) 2000 reinforcing the FSA’s authority
· Other criminal offences under FSMA 2000
· Key concepts in relation to the commission of criminal offences
Section B: Insider dealing and market abuse
· The sources of the law on insider dealing
· The EC context of market abuse: insider dealing and market abuse
· The purpose of the law on insider dealing, and whether or not insider dealing ought to be criminalised
· Insider dealing offences under Part V of the Criminal Justice Act 1993
· The power of the Financial Services Authority
· Market abuse regulation
Section C: Fraud and market manipulation
· The development of the criminal law of fraud
· The economic and historical context of the law on corruption
· Market manipulation offences
· Fraud Act 2006 offences
· Theft Act 1968 offences
Section D: Money laundering
· The purpose of money laundering regulation
· The international dimension
· The context of money laundering regulation
· Proceeds of Crime Act 2002 offences
· Terrorism Act 2000 offences
· Money Laundering Regulations 2007
· The efficacy of money laundering regulation
· Civil recovery
Sequence:
Section A must be attempted first.
Textbook:
Peter Alldridge, Money Laundering Law: Forfeiture, Confiscation, Civil Recovery, Criminal
Laundering and Taxation of the Proceeds of Crime
(Oxford: Hart Publishing, 2003),
ISBN: 9781841132648