Corporate and Finance Crime

Module title: Corporate and Financial Crime
SITS Module Code: XXX

Credit level: 5
Length: Semester 2
UK credit value: 20 Credits
ECTS credit value: 10 ECTS
College and School: School of Law, Technology and Education
Module Leader: Dildora Karimova

Host Course: Commercial Law
Progression and assessment board:
Pre-requisites: N/A
Co-requisites: N/A
Study abroad: N/A
Special features: N/A
Access restrictions: N/A
Are the module learning outcomes delivered, assessed, or supported
through an arrangement with organisation(s) other than the University
of Westminster:
No
Summary of module content: This module delves into the complex landscape of
corporate and financial crime, exploring a diverse range of topics critical to understanding
the intersection of law, business, and ethics. Along with understanding what kind of legal
theories exist to hold companies liable for crimes, students will also examine the various
forms of illicit behavior within corporate environments and financial systems, gaining
insight into the mechanisms, motivations, and implications of such activities.
Assessment Methods
This module’s assessment consists of a single assessment – Project, which evaluates all the
learning outcomes.
In the assessment students will be tasked to provide a compliance assessment for

hypothetical corporations to identify potential vulnerabilities to corporate and financial crime.
Students should develop recommendations for enhancing compliance programs and risk
management strategies of the given corporation.
The students will conduct the assessment in groups, and they will be given up to 72 hours
where they should write a report and present it. Students will be marked individually in
accordance with their contribution to the compiling of the report and its presentation.
Only the submission of both report and presentation constitutes a full submission. Not
submitting either report or presentation will qualify as non-submission.
The report should consist of several parts depending on the hypothetical facts of the
scenario, but it should include risks, detected misconduct, laws and regulations, standards
and best practices applicable to the company’s operations. Also, students should identify
potential areas of non-compliance, gaps in existing policies and procedures, and
weaknesses in internal controls that could expose the company to corporate and financial
crime risks and include this information into their report.
Based on their compliance assessment, students should develop recommendations for

mitigating the identified risks and enhancing the company's compliance program.
Recommendations may include revisions to corporate policies and procedures,

improvements to employee training and awareness programs, enhancements to internal
monitoring and reporting mechanisms, and the implementation of additional safeguards and
controls.
Rank Assessment Assessment Weighting Qualifying Qualifying set

type name Mark (where the
minimum mark
required applies
across multiple
assessments)
1. Project Compliance 100%
Assessment
Learning outcomes
By the end of the module the successful student will be able to:
1. Analyse key sources of data about corporate crime, drawn from a range of
disciplines and be able to use these materials for research purposes (LO1);
2. Distinguish the main concepts and principles of the management of corporate
risk and crime (LO2);
3. Apply the main concepts and principles of the management of corporate risk
and crime to realistic commercial situations (LO3);
4. Critically evaluate the main concepts and principles of the management of
corporate risk & crime in terms of their commercial consequences (LO4);
5. Draw implications of the current policies and regulations and discuss the
possible reforms and solutions (LO5);
Course outcomes the module contributes to:

L5.2 Develop arguments to the identified legal issues with reference made to relevant legal
principles, statutory and case law in domestic and/or international context (KU, GA);
L5.3 Advice and apply solutions to legal problems arising from factual legal situations over a
wide range of legal areas (PPP);
L5.6 Communicate findings of legal analysis effectively and persuasively in relation to legal
matters in written and/or oral format individually or in collaboration with peers (KTS).
Indicative syllabus content

 Nature of Corporate Criminal Liability. Implications of the phenomenon, public
perceptions, and characteristics of the offenders.
 Legal theories regulating corporate criminal liability
 Financial Crimes. Market Abuse. Insider Dealing. Money Laundering.
 Tax Evasion and MNE’s.
 Financial Crisis 2008.
 Corruption and Bribery.
 Fraud. Embezzlement.
 International Crimes and Corporate liability.
 Competition offences.
 Environmental crimes.
 Deterrence of white collar crime.
Teaching and learning methods

There are four hours per week scheduled for this course. This will comprise two hours
lecture and two hours seminar. The lectures will provide an overview of the topics to enable
the students to understand the essential principles of the topic and its significance. The
seminars will serve the function of evaluating and assessing the knowledge of the students
acquired during the lecture and beyond in addition to applying the obtained knowledge to the
different cases and scenarios. Depending on the topic taught, seminar tasks will be
prepared. Seminars will also serve as an opportunity to conduct a formative assessment
through discussing the assignments given as “homework”, on spot quizzes and mock exam
for all of which students will be provided answers and feedback. Depending on the topic
taught, seminar tasks will be prepared.
Activity type Category Student
learning and
teaching
hours*
Lecture Scheduled 24
Seminar Scheduled 24
Tutorial Scheduled
Project supervisor Scheduled
Demonstration Scheduled
Practical classes and workshops Scheduled
Supervised time in studio/workshop Scheduled
Fieldwork Scheduled
External visits Scheduled
Work based learning Scheduled
Scheduled online learning Scheduled
Other learning Scheduled
Total scheduled 48
Placement Placement
Independent study Independent 152
Total student learning and teaching hours 200
*hours per activity type are indicative and subject to change.
Assessment rationale: why has this assessment been used

for this module?
The objective of this assessment is to provide students with hands-on experience in
assessing and addressing the risk of corporate and financial crime within organizational
settings. Students will apply their knowledge of legal principles, regulatory frameworks, and
ethical considerations to identify potential vulnerabilities and develop recommendations for
enhancing compliance programs and risk management strategies.
By engaging in compliance projects, students not only deepen their understanding of

corporate and financial crime issues but also develop practical skills in compliance
assessment, risk management, and professional communication that are highly relevant to
careers in legal, regulatory, and corporate settings.
Assessment criteria: what criteria will be used to assess

my work on this module?
The assessment(s) will examine to what extent the student has demonstrated ability to:
 Identify relevant legal and regulatory requirements.

 Critically analyze compliance risks, identify root causes of vulnerabilities, and
propose effective risk mitigation strategies.
 Make practical and feasible recommendations for enhancing the company's
compliance program and mitigating corporate and financial crime risks.
 Communicate their findings and recommendations clearly, concisely, and
persuasively to a non-legal audience.
Sources
1. Croall, H. (2012). Victims of white collar crime and corporate crime. In P., Davies, P.,
Francis & C., Greer (Eds.). Victims, crime and society (pp78-108). SAGE Publications Ltd.
2. Hudson, A (2013). Law of Finance. 2nd edition. Sweet and Maxwell.
3. Storey, T. (2019) Unlocking Criminal Law. 7th edition. Taylor & Francis.
4. Harrison K., Ryder N. (2016) The Law Relating to Financial Crime in the United
Kingdom. 2nd ed. Routlege.
5. Buell S. (2023) Corporate Crime: An Introduction to the Law and Its Enforcement -
Volume One. 3rd ed. Esplanade Press.
Online sources
1. Westlaw online database www.westlaw.com
2. Bribery Act 2010 guidance https://www.gov.uk/government/publications/bribery-act-

2010-guidance
3. Criminal Finances Act guidance https://www.bdo.co.uk/getmedia/2c9e3d96-7cec-

4f35-af9a-b6ecd0c6c558/cco_brochure_and_approach_document.pdf.aspx
Date of initial validation:
Dates of approved modifications:

Corporate and Finance Crime

Uploaded by

Copyright:

Available Formats

Corporate and Finance Crime

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Corporate and Finance Crime

Uploaded by

Copyright:

Available Formats

Module title: Corporate and Financial Crime

SITS Module Code: XXX

College and School: School of Law, Technology and Education

Module Leader: Dildora Karimova

In the assessment students will be tasked to provide a compliance assessment for

Based on their compliance assessment, students should develop recommendations for

Recommendations may include revisions to corporate policies and procedures,

Rank Assessment Assessment Weighting Qualifying Qualifying set

Course outcomes the module contributes to:

Indicative syllabus content

Teaching and learning methods

Assessment rationale: why has this assessment been used

By engaging in compliance projects, students not only deepen their understanding of

Assessment criteria: what criteria will be used to assess

 Identify relevant legal and regulatory requirements.

2. Hudson, A (2013). Law of Finance. 2nd edition. Sweet and Maxwell.

1. Westlaw online database www.westlaw.com

2. Bribery Act 2010 guidance https://www.gov.uk/government/publications/bribery-act-

3. Criminal Finances Act guidance https://www.bdo.co.uk/getmedia/2c9e3d96-7cec-

Date of initial validation:

Dates of approved modifications:

You might also like