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.