BSL201: Explain the practice of money laundering: Finance Law, Assignment, MU, Singapore, Singapore

Research Assignment Questions

Question 1: Explain the practice of money laundering.

• Define money laundering i.e. what constitutes money laundering
•  Discuss the process/practice of money laundering
• Full marks requires high quality and clarity of answer, and excellent referencing (high quality of references used and correctly cited)

Question 2: Briefly outline the main aspects of the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth).

• Discuss of powers of enforcement, assets/transactions, defendants, defences, and sanctions
• Full marks requires high quality and clarity of answer, and excellent referencing (high quality of references used and correctly cited)

Question 3: Discuss any one example/case study of a successful prosecution or successful action (not merely allegations or arrest) by regulatory authorities of money laundering or failing to comply with necessary anti-money laundering procedures. The case study must be from 2000 or later. The case study can be from any jurisdiction/country.

• Discuss about the money laundering each party/parties carried out/factual situation that led to the party failing to have the necessary anti-money laundering procedures
• Analyse the elements of the anti-money laundering laws/regulations that the party breached in that jurisdiction/country
•  Discuss the resolution/penalties that were applied to that party/parties

Question 4: Is the practice of money laundering sufficiently and suitably regulated in Australia? Why or why not?

• Research skills, knowledge, and understanding of the topic
• Analysis and argument
•  Structure and writing
• Referencing