Money Laundering



Assignment One

International Diploma in Anti Money Laundering


Guidance

  Please state which region/jurisdiction you are from in the header of each page.

  Please submit one document only in a Microsoft Word format.

 Save the assignment as your user ID number.

 Word count should be between 2,500 and 3,500 words. This includes all footnotes, in text references and appendices but excludes any bibliography, reference or contents page(s). NB Appendices should only be used in exceptional circumstances and should consist of only brief extracts or tables.


Question

a)     A risk-based approach places the responsibility on regulated firms and their senior management to identify, assess, mitigate and monitor their money laundering risks in a considered way and on a continuing basis, and to ensure they have adequate controls in place to manage these risks.

In respect of this statement analyse the rationale, benefits and core requirements of a risk-based approach to anti money laundering.


b)            Selecting a jurisdiction with which you are familiar, analyse the main criminal offences of money laundering from the perspective of:

i)                 What constitutes a ‘predicate’ crime under the law?

ii)             What wrongful acts (actus reus) constitute the crime of money laundering?

iii)          What state of mind is required to be proven (mens rea) in order to establish the guilt of a person accused of money laundering?

 To get solution visit our website www.arabessay.com


Location: United Arab Emirates

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