The Compliance Minor provides students with a good foundation for further professionalization in the areas of Governance, Risk and Compliance. With regard to the ‘human factor’ in compliance, the Minor helps students to strengthen their awareness of their personal integrity and values, as well as the role this will play in their future decision making as a professional.
In this module, students examine the various manifestations of bribery and the challenges it poses to business and governance. The links between grand scale bribery and the lack of social, political and economic development has led to the worldwide criminalization of corruption in international business. This has resulted in an anti-bribery regulatory climate where corporations have to meet minimum anti-bribery standards or risk severe penalties and reputational damage.
Students study selected national, multilateral, regional, and international regimes that regulate the giving or taking of bribes in the effort to win contracts. Particular focus is given to the offense of foreign bribery as established by the long-arm US Foreign Corrupt Practices Act and the UK Bribery Act.
As a result, anti-bribery compliance has moved to the center-stage of corporate planning and strategy. Students are introduced to anti-corruption risk management, conflicts of interests, as well as, key aspects of drafting an anti-corruption policy. They take into consideration the guidance provided by key regulatory authorities as well as government policies that reward corporations who self-report and put into place hard and soft controls to prevent acts of bribery from occurring.
The aim of this course is to provide students with an introduction to the knowledge required to advise institutions to prevent money-laundering activities from taking place within their organizations. As an introduction, students will examine these questions: What is money laundering? Why is money laundered? How is money laundered? What crimes generate property that can be laundered?
Students will then be introduced to the three key phases in the overall AML compliance procedure: (1) Customer Identification Programmes; (2) Customer Due Diligence; and (3) Enhanced Due Diligence. This course will help students understand how to develop and manage a well-defined and well-documented AML customer identification programme.
Moreover, they will be introduced to the concept of AML risk management and key aspects of drafting an AML policy. They will take into consideration the guidance provided by key regulatory structures, including: the Financial Action Task Force (FATF); the European Money Laundering Directives (MLD); key legislative and regulatory regimes; AML legislation creating criminal offences of money laundering; and the legal obligation to report suspicious activity.
The course highlights the key elements necessary to equip the students with field-based knowledge on Data Protection and Privacy Compliance. The course focuses on the importance of data privacy from different actors’ perspective in order to enable the students to discuss the issue from the perspective of corporate goals, corporate enforcement and corporate policy-making.
The course will provide basic information on private data collection, access and protection firstly from the individual’s perspective by focusing on protection of fundamental rights, secondly from corporation’s perspective by focusing on market benefits oriented analysis, and thirdly from the government’s perspective by focusing on national and international security related aspects of the issue. After providing students with the multi-layered nature of the digital privacy, the course will emphasize the importance of data security in relation to collection of, access to and protection of private data through dedicating the last three seminars on current relevant regulations regarding data security and how corporate privacy policies can be shaped in accordance to these regulations (such as GDPR, NIS Directive, Privacy Shield).
15 September 2020
16:00 (GMT +2)
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