This course discusses international trends and legal initiatives for the prevention and repression of corruption, money laundering and the financing of terrorism through the financial system. The discussion covers the international treaties relevant in the field, detailed substantive criminal law issues and the preventive measures required from financial institutions.

CILO-1: Students will be able to the identify the potential impact of transnational criminal law on business activities, especially in the case of banking, insurance and gaming, but also in the activities of lawyers, notaries and other businesses and professions. CILO-2: Students will be able to make use of the legal rules on the prevention and repression of passive and active corruption in the public sector, in the private sector and in international trade; and the need to avoid conflicts of interest and for proper compliance with rules and standards. CILO-3: Students will be able to assess the law on the confiscation of proceeds of crime, including “classic” rules on confiscation, “expanded” confiscation and civil confiscation. To elaborate on the crime of money laundering, which is widely seen as a legal minefield posing many complex questions; and its prevention and detection mechanisms. CILO-4: Students will be able to demonstrate the crime of financing of terrorism, and the related topic of asset freezing as a result of determinations arising from the United Nations Security Council.