Applying Law and Financial Crimes in practice: case studies

This week’s topics

Applying Law and Financial Crimes in practice: case studies

1. Case analysis
2. Linking theory to practice
3. Evaluating evidence
4. Short and Distort
5. Institutional Trading Around Corporate News: Evidence from Textual Analysis
6. Edwige Cheynel: Public Disclosures and Information Asymmetry: A Theory of the Mosaic

What you will be able to do

• 1.1 Analyse civil offence according to the Financial Services and Markets Act 2000.
• 1.3 Evaluate the statutory frameworks and EC context on dealing with insider dealing and market abuse.
• 1.4 Analyse the general offences of financial crimes under Financial Services and Markets Act 2000, Fraud Act 2006 and Theft Act 1968.
• 1.5 Compare and contrast how market abuse regulations and regulators act against insider dealing and related financial frauds.
• 2.1 Analyse the purpose of money laundering regulations.
• 2.2 Evaluate the international dimensions of money laundering regulations.
• 2.3 Analyse the background of the UK Proceeds of Crime Act 2002 and explain offences under its provisions.
• 2.4 Evaluate the consequences of money laundering on society.
• 3.1 Analyse the historic development of white-collar crime and the role in statutory law in dealing with this.
• 3.2 Evaluate the role of criminal law in supporting prosecution of white-collar crime.
• 3.3 Critically analyse civil remedies in the context of white-collar crimes.
• 3.4 Analyse the defenses available and to what extent these need to be developed further.
• 4.1 Compare and contrast historic and economic general provisions of law on: o money laundering o terrorist financing o corruption
• 4.2 Analyse the EC Market Abuse Directive to control market manipulation and abusive practices.
• 4.3 Evaluate the reporting requirements and the impact this has on global financial crime.
• 4.4 Evaluate the role of criminal law in supporting financial regulations in the United Kingdom.
• 4.5 Critically analyse the international role in developing mechanisms to regulate global financial crime.

Activity

Start with this week’s 3 videos, then: Case-study workshop: apply the unit’s concepts to a real or realistic case and evaluate the outcome.

Study materials

Videos

• Short and Distort · YouTube · Columbia Business School · 44 min · for registered students
• Institutional Trading Around Corporate News: Evidence from Textual Analysis · YouTube · Columbia Business School · 50 min · for registered students
• Edwige Cheynel: Public Disclosures and Information Asymmetry: A Theory of the Mosaic · YouTube · Columbia Business School · 19 min · for registered students

Further resources

• MIT 15.535 Business Analysis Using Financial Statements, lecture notes: Off Balance Sheet Activities: the Enron Debacle · PDF · Other, slides · for registered students
• MIT 15.535 Business Analysis Using Financial Statements, lecture notes: How Companies Cook the Books · PDF · Other, slides · for registered students
• Find Case Law: search tips (The National Archives) · Reading · Other, guidance · for registered students