- Code CRIM8004
- Unit Value 6 units
- Offered by ANU Centre for Social Research Methods
- ANU College ANU College of Arts and Social Sciences
- Course subject Criminology
- Areas of interest Criminology
- Academic career PGRD
- Mode of delivery Online or In Person
Financial crimes, notably fraud, tax evasion and money laundering account for huge monetary and trust losses to business enterprises, states and individuals. The impact of financial crimes may extend far beyond the harms of ‘street’ crime. This course provides a comprehensive review of the main methods used by offenders and crime groups to undertake financial crimes and the range of counter-measures at both national and international level available to police and other agencies.
White-collar crime and crimes against business requires substantial and well-integrated responses often beyond the capacities of a single agency or state. The transnational reach and impact of financial crimes has led to continued development of financial crime control at a global level. The course covers issues such as the evolution of banking supervision (Basel Committee), the Vienna Convention’s definition of money laundering (United Nations Convention Against Illicit Traffic in Narcotic Drugs and Psychotropic Substances 1988), OECD’s Financial Action Task Force (FATF) Anti-Money laundering (AML) and Counter Terrorist Financing (CTF) guidelines as well as international efforts to address tax havens and other cross border evasions of regulatory measures on the movement of illicit money and assets. By focusing on the ‘money trail’ and how to interdict, disrupt, seize and recover the profits of crime, including corporate fraud, and other serious and organised crime students acquire an appreciation of the main countermeasures.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate critical awareness of the criminological theories relevant to prevention and suppression of financial crime and the recovery of the proceeds of serious and organised crime in Australia and internationall;
- assess the effectiveness of corporate governance, oversight and ethical responses to financial crime within Australian corporations domestically and abroad;
- refer selectively to the literature and best practices informing effective financial crime control in the workplace and critically evaluate current research and scholarship in the field of Australian and multi-national corporate financial crime control;
- apply concepts and theories of risk management, decision-making and ethical practice to the resolution of corporate financial crime and the monitoring of transnational crime and communicate these to specialists and non-specialists; and
- use relevant data to identify and evaluate effective strategies for the prevention, deterrence and control of financial crime, including asset recovery from the proceeds of serious and organised crime.
- Case selection — outline a recent financial crime case (800 words) (15) [LO 1,2,3]
- Case Study (Problem Based Learning) seminar presentation of 30 minutes (groups of 4-6) (25) [LO 3,4,5]
- Literature review symposium essay (800 words) (15) [LO 1,2,3]
- Major Research Essay (4000 words) (45) [LO 1,2,3,4,5]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload130 hours of total student learning time made up from: a) 36 hours of contact over 12 weeks: 18 hours of lectures, and 18 hours of seminars and workshops; and, b) 94 hours of independent student research, reading and writing.
Preliminary ReadingSpecialist Journals: Journal of Financial Crime; Journal of Money Laundering
Association of Certified Fraud Examiners, 2012, Report to the Nations on Occupational Fraud and Abuse, Austin: Association of Certified Fraud Examiners.
Australian Transaction Reports and Analysis Centre, 2011, Money laundering in Australia 2011m Sydney: Australian Transaction Reports and Analysis Centre.
Benson, M., L, & Simpson, S. 2009, White Collar Crime: An Opportunity Perspective. New York: Taylor & Francis.
Braithwaite, J. 2010, Diagnostics of white-collar crime prevention. Criminology & Public Policy, 9(3), 621-626.
Cressey, D. R. 1950, ‘The criminal violation of financial trust’, American Sociological Review, 15(6), 6.
Friedrichs, David 2010 Trusted Criminals: White Collar Crime In Contemporary Society
Haines, F. 2011, The Paradox of Regulation: What Regulation Can Achieve and What It Cannot. Cheltenham: Edward Elgar Pub.
Halliday, T, M. Levi and P. Reuter 2014, Global Surveillance of Dirty Money, University of Illinois College of Law and American Bar Foundation.
Financial Action Task Force, 2012, International standards on combating money laundering and the financing of terrorism & proliferation: the FATF recommendations, Paris: Financial Action Task Force.
Jones, P. C. 2004, Fraud And Corruption In Public Services: A Guide to Risk and Prevention: Gower.
Levi, M. (Ed.), 1999, Fraud: organization, motivation and control (Vol. 1). Aldershot: Ashgate.
McDermott, H. (Ed.), 2013, Fraud, Financial Crime and Money Laundering. Sydney: Thomson Reuters.
Pontell, H. N., & Geis, G. L., 2006, International Handbook of White-Collar and Corporate Crime. New York: Springer.
Silverstone, H., & Sheetz, M. 2006, Forensic accounting and fraud investigation for non-experts, (2n ed.). New Jersey: John Wiley & Sons.
Simpson, Sally et al. 2014 Corporate Crime Deterrence. The Campbell Collaboration Library of Systematic Reviews.
Singleton, T. W., & Singleton, A. J. 2010, Fraud Auditing and Forensic Accounting: John Wiley & Sons.
Smith, G., Button, M., Johnston, L., & Frimpong, K. 2011, Studying fraud as white-collar crime, Palgrave MacMillan.
Sutherland, E. H. 1940, ‘White-collar criminality’, American Sociological Review, 5(1), 12.
World Economic Forum, 2012, Anti-corruption Network of global agenda councils reports 2011-2012: World Economic Forum
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- 6 units
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