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2018/2019  KAN-CJURV1801U  Compliance in the financial sector

English Title
Compliance in the financial sector

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc in Business Administration and Commercial Law, MSc
Course coordinator
  • Kalle Johannes Rose - CBS Law
Main academic disciplines
  • Business Law
Teaching methods
  • Face-to-face teaching
Last updated on 15-06-2018

Relevant links

Learning objectives
The students will have to demonstrate knowledge of the international legislation concerning money laundering and anti-terrorism measures. The students must also demonstrate knowledge of the EU’s fourth money laundering directive.

The students must be able to identify the fundamental legal problems within the topics of the course.

Also, the students must acquire knowledge, skills, and competences in order to:

• Identity the relevant international legislation

• Reproduce the banks’ legal obligations and responsibilities in relation to the combating of money laundering and terrorism

• Derive the relevant rules to a bank in a given situation

• Employ legal argumentation techniques

• Formulate themselves clearly in writing and by doing so be able to bring about the legal problems and solution models related to the banks’ combating of money laundering and terrorism

• Predict the legally correct solution to a problem/case, in the way that it is expected to be settled in court
Course prerequisites
Passed HA, HD, HA(jur.) or the alike
Compliance in the Finacial Sector:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 3 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter
Aids Open book: all written and electronic aids, including internet access
Read more here about which exam aids the students are allowed to bring and will be given access to : Exam aids and IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

The rules regarding the prevention of money laundering and financing of terrorism have in the later years received extensive and increasing practical and political importance. The course will provide employees of banks and their legal advisors with insights of the legal obligations and responsibilities in connection with the prevention of money laundering and the financing of terrorism. Also, the course will in particularly focus on the international legislation in relation to the prevention of money laundering and terrorism, including a specific focus on UN’s conventions regarding the prevention of organized crime and corruption, as well as the EU’s fourth money laundering directive (4AMLD).


Course content:
The course concerns limited liability companies within the following areas:

The international sources of law:

  • UN conventions

  • FATF Recommendations

  • EU and the European Council

  • The fourth money laundering directive

  • Case law from Court of Justice of the European Union and the European Court of Human Rights

  • Financial crimes and International private law

  • Anti-terrorism legislation

  • The international sources of law

Description of the teaching methods
Lectures 33 hours

Teaching will be in English.
Feedback during the teaching period
Feedback in class due to the work and dialog in lectures, games, cases and other types of interaction in class.
Student workload
Undervisning 33 hours
Forberedelse 140 hours
Eksamensforberedelse 30 hours
Eksamen 3 hours
Expected literature

William Blair, Richard Brent, and Tom Grant, Banks and Financial Crime, The Law of Tainted Money, Second Edition, Oxford University Press, 2017

Last updated on 15-06-2018