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Course Code: INTL453 Course ID: 3216 Credit Hours: 3 Level: Undergraduate
Modern criminal business, to include drug trafficking, trafficking in people or weapons, gold and precious gem smuggling, and even terrorism are reliant on how such activities are funded. Without some form of funding, illicit actors and illicit behaviors would have difficulty existing. This course will explore the shadowy world of illicit finance, from money laundering to Hawalas, to fraud, trade, and corruption used to fund illicit actions.
|Registration Dates||Course Dates||Session||Weeks|
|03/30/20 - 09/04/20||09/07/20 - 11/01/20||Summer 2020 Session D||8 Week session|
|04/27/20 - 10/02/20||10/05/20 - 11/29/20||Fall 2020 Session B||8 Week session|
|05/25/20 - 10/30/20||11/02/20 - 12/27/20||Fall 2020 Session I||8 Week session|
|06/29/20 - 12/04/20||12/07/20 - 01/31/21||Fall 2020 Session D||8 Week session|
|07/27/20 - 01/01/21||01/04/21 - 02/28/21||Winter 2021 Session B||8 Week session|
After successfully completing this course, you will be able to:
CO-1 Analyze basic theories that explain illicit finance, illicit trade, and money laundering.
CO-2 Examine how dirty money can drive the world economy.
CO-3 Examine the role of transnational organizations in turning “bad money” into good hiding resources.
CO-4 Evaluate global funding of international terrorism, organized crime, and trafficking/smuggling of illicit and/or counterfeit materials.
CO-5 Assess the impact of international anti-money laundering strategies, laws and policies for both legal and illicit businesses. Determine the significance of the virtual money within the realms of illicit finance.
Forum discussions – 25 percent
Each week, a discussion question is provided and posts should reflect an assimilation of the readings. Students are required to provide a substantive initial post of 350 words by Thursday at 11:55 pm ET and respond to 2 or more classmates with 150 words by Sunday 11:55 pm ET. Forum posts are graded on timeliness, relevance, knowledge of the weekly readings, and the quality of original ideas.
Assignment 1 The Hawala Remittance System - 25 percent
Describe, design and illustrate a Hawala transfer. Students are to demonstrate that they have a clear understanding of the origin, history, and logistical details of the Hawala remittance system. The concepts presented have to be consistent with real time applications and feasible within the parameters of the materials presented in the class. Students will demonstrate a necessary scope of fluidity with the design
Assignment 2 - The Global Economy and Illicit Finance - 25 percent
Assignment 2 – Describe, design and illustrate the process of funds gained through illicit finance and how they are a part of the global economy. Students are to graphically depict the current international controls that are in place to regulate illicit financial flows. An emphasis will be placed on depicting emerging markets and developing countries with a demonstration of local, regional, global impacts. Students will be encouraged to look for gaps in money that is laundered through corruption, criminal acts and commercial fraud. The overarching goal is to demonstrate the impact of illicit funds on the global market and to represent the complexity of the financial side of dark networks in a globalized economy.
Money Laundering Case Scenario – 25 percent
Case Scenario: Money Laundering. Students are to graphically depict a fictional case scenario where illicit funds are 'laundered' and then reintegrated into the licit economy. An emphasis will be placed on variables that accurately depict principle areas of laundering funds to include placement, layering, and integration. The overarching goal is to demonstrate the process of laundering illicit funds based on current research and scenarios to represent the complexity of the financial side of dark networks in a globalized economy.
Required Course Reading listed in the E-Reserves
|Book Title:||Various resources from the APUS Library & the Open Web are used. Please visit http://apus.libguides.com/er.php to locate the course eReserve.|
|Author:||No Author Specified|
|Book Title:||Convergence: Illicit Networks and National Security in the Age of Globalization - e-book available in the APUS Online Library; hard copy not available from the bookstore.|
|Book Title:||Reference Guide to Anti-Money Laundering and Combating the Financing of Terrorism, 2nd ed. - e-book available online, link provided in course eReserve|
|Author:||Schott, Paul Allan|
Not current for future courses.