National and International Cooperation
6 ECTS
National and International Cooperation
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Module Description
This module underscores the critical role of robust national and international cooperation in establishing effective anti-money laundering (AML), countering the financing of terrorism (CFT), and targeted financial sanctions (TFS) frameworks.
Central to this is the emphasis on effective information sharing as the cornerstone of such frameworks.
Students will evaluate the implementation of Financial Action Task Force (FATF) standards on information sharing, assessing its effectiveness in facilitating cross-border collaboration.
Additionally, learners will explore the significance of maintaining updated registries containing Beneficial Ownership information, recognizing their pivotal role in enhancing transparency and combating financial crime on a global scale.
Entry Requirements
Candidates who apply for this course must possess one of the following:
• Level 6 Degree related to one of the following areas: Law, Artificial Intelligence, Finance, Accounting, Governance, Business and Government Policy;
OR
• Level 5 Diploma or Higher Diploma and 4 years’ work experience, preferably in a supervisory or managerial role;
OR
• Level 6 degree not related to Law, Artificial Intelligence, Finance, Accounting, Governance, Business and Government Policy and a minimum of two years relevant experience.
Target Audience
This course is targeted at people within the financial and banking sector, legal sector, governance sector, business sector, artificial intelligence sector, and other individuals seeking professional and academic advancement in the field of Anti-Money Laundering and Compliance.
Module / Unit Instructions
The proposed structure comprises a blended approach promoting the building of a community of practice via peer-to-peer learning. The structure uses primarily two dimensions of teaching-learning modes:
1. Face-to-face sessions: 18 hours
2. Online Learning Activities: 12 hours
Face to Face sessions
Face-to-face sessions include lectures, tutorials, discussions, presentations and workshop activities promoting peer-to-peer learning.
Online Learning Activities
Online learning activities incorporate tutorials and asynchronous discussions. These may consist of active interaction, participation and contributions in fora discussions, sharing resources and self-reflection exercises.
Learners also contribute to the building of the community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
The tutor provides continual support during both teaching -learning modes by providing information, readings and tasks relevant to the module in question.
The tutor provides continuous formative feedback as an on-going guidance during the student’s learning experience in preparation for their summative assessment.
How you’ll be assessed
This module consists of two assessment tasks, each carrying a weighting as below:
a) Assessment 1 carries 20% of total module mark achieved. b) Assessment 2 carries 80% of total module mark achieved.
For successful completion of a study module the student is required to achieve a minimum of 50% pass mark in both Assessment 1 and Assessment 2
The overall grade achieved for each module is calculated as the sum of: • 20% of the mark achieved for Assessment 1; and • 80% of the mark achieved for the Assessment 2.
Both Assessment 1 tasks and Assessment 2 tasks aim to provide the learner an opportunity to produce evidence of his/her competences aligned to the learning outcomes of each individual Module.
a) Assessment 1 tasks are provided in the form of structured online discussions that support learners in their development throughout all of the modules studied.
Such discussions are facilitated and monitored by lecturer who provides students with constructive feedback to help them improve and prepare for Assessment 2 and the dissertation.
Assessment 1 tasks will contribute to the student’s final mark to acknowledge their work and give them chance to improve.
This method allows students to also contribute to the building of a community of practice by providing feedback to their peers as critical friends, enhancing the learner’s critical engagement throughout the study period.
b) Assessment 2 consists of one assignment at the end of the module.
The mode of assessment varies and may include in-class assignments, and home-based written assignments.
The recommended assessment tool for this module is an essay.
For successful completion of this module the student is required to achieve a minimum of 50% pass mark in both Assessments 1 and 2 respectively.
Module Intake Dates
October 2024
Learning Outcomes
Competences:
At the end of the module/unit the learner will have acquired the responsibility and autonomy to:
- Explain the importance of information sharing.
- Assess the correlation between the technical compliance and the effectiveness of having effective information sharing.
- Evaluate the importance of the sharing of information between public authorities.
- Evaluate the importance of the sharing of information between the public and the private sector.
- Assess the importance of the sharing of information between law enforcement agencies.
Knowledge:
At the end of the module/unit the learner will have been exposed to the following:
- Assess whether there is effective implementation of the FATF standards on information sharing.
- Evaluate the importance of having updated registries with Beneficial Ownership information.
- Assess the importance of guidance and outreach on the ML/TF/PF risk understanding for a risk-based approach by the private sector.
- Assess the ‘without delay’ concept with regards to the notifications to the private and the public sector on the sanctions.
Skills:
At the end of the module/unit the learner will have acquired the following skills:
- Ability to assess the importance of the national and international cooperation.
- Assess the importance of spontaneous disclosure of information.
- Assess the importance of updates on the sanctions list made without delay.
- Evaluate the various forms of international cooperation and assess in terms of the national ML/TF/PF threats.
Module-Specific Digital Skills and Competences:
At the end of the module/unit, the learner will be able to:
- Navigate through the online learning platform to find assignments, discussion boards, literature, tutorials etc.