Money Laundering Case Presentations
The Accounting Research Institute (ARI) congratulates all students who have successfully attended the recent Financial Criminology and Money Laundering course at the Faculty of Accountancy, Universiti Teknologi MARA. At the end of the five-week session, students presented their local case studies, submitted related written briefs of the cases and sat for an examination. A total of fifteen local cases were presented. What they did was to identify old and new cases. Some perpetrators have been successfully charged while some cases have been "dropped" due to lack of substantial evidences. The students have to "re-construct" the cases by identifying suitable fraud detection tools, propose relevant documents to look for, examine internal control mechanism of the case, carry out detail analysis of the evidences, identify relevant legislation under the Anti Money Laundering and Anti Terrorism Financing Act 2001 and carry out a complete investigation. Students were encouraged to interview regulators, enforcement agencies, "witnesses" to get relevant facts of the cases. To facilitate them with the course, two guest speakers have been invited to the class. The first speaker was an investigation officer from the Royal Malaysian Police (RMP), who has loads of experience investigating money laundering and other financial fraud cases. The second speaker was an anti-money laundering specialist who has conducted a lot of special money laundering investigations for private companies in the country. Well done all....
The Accounting Research Institute (ARI) congratulates all students who have successfully attended the recent Financial Criminology and Money Laundering course at the Faculty of Accountancy, Universiti Teknologi MARA. At the end of the five-week session, students presented their local case studies, submitted related written briefs of the cases and sat for an examination. A total of fifteen local cases were presented. What they did was to identify old and new cases. Some perpetrators have been successfully charged while some cases have been "dropped" due to lack of substantial evidences. The students have to "re-construct" the cases by identifying suitable fraud detection tools, propose relevant documents to look for, examine internal control mechanism of the case, carry out detail analysis of the evidences, identify relevant legislation under the Anti Money Laundering and Anti Terrorism Financing Act 2001 and carry out a complete investigation. Students were encouraged to interview regulators, enforcement agencies, "witnesses" to get relevant facts of the cases. To facilitate them with the course, two guest speakers have been invited to the class. The first speaker was an investigation officer from the Royal Malaysian Police (RMP), who has loads of experience investigating money laundering and other financial fraud cases. The second speaker was an anti-money laundering specialist who has conducted a lot of special money laundering investigations for private companies in the country. Well done all....
