MSc Financial Crime and Compliance in Digital Societies (top-up) (blended learning)

The use of digital technologies in managing risk and decision-making for senior managers is now at the forefront of business practice. Those with strategic and managerial responsibilities require knowledge of how digital systems and technologies can assist regulatory change for a more efficient business environment, but also to be aware of the vulnerabilities and risks that emerge alongside these opportunities for change. This unit teaches you about the digital aspects of financial crime and compliance in business.

Digital technologies and systems are advancing whilst simultaneously influencing and improving business practice. Maximising the benefits of the digital revolution is vital to the creation of effective business compliance strategies and policies. However, these rapid changes have also led to new risks, challenges and vulnerabilities. This unit provides advanced insights into issues that arise in business in relation to digital trust, digital security and digital vulnerabilities, with particular focus on financial crime and compliance risks. In addition the module introduces you to research-led, state-of-the-art insights into digital vulnerabilities such as processes of misinformation and disinformation in an era of ‘fake news’ and the implications of this for business, the need to ensure workplace cyber/data-security with a view to protecting customer, client and other business sensitive data from breaches, as well as individual security of employees and the potential vulnerabilities that arise at the intersection of human and technical interdependencies, and new and emerging technologies such as cryptocurrencies, FinTech and distributed ledger technologies that generate specific governance, compliance and financial crime risks and solutions. The module also includes specific focus on cyber-enabled, dependent and/or assisted financial crime risks, such as money laundering, illicit finance, corruption, and more.

CRIM70013 FCC Online Condition (Programme 10177)

The unit aims to provide students with in-depth knowledge about the dynamics between digital technologies, financial crimes and compliance.

Syllabus:

Week 1: Business in a Digital, Hyperconnected World – Key Concepts and Issues

Week 2: Business and Cybersecurity Risks

Week 3: The Digital Underworld of Cyber Threats

Week 4: Financial Cybercrimes – The Threats to Your Business

Week 5: Consolidation Week

Week 6: Keeping your Digital System Safe I

Week 7: Keeping your Digital System Safe II

Week 8: FinTech, Financial Crime and Compliance

Week 9: Misinformation and Disinformation

Week 10: Revision Week

Online, blended learning on the TNE (Transnational Eduation) e-learning platform with three optional residential visit to Manchester. Online learning materials will consist of a mixture of video and audio files alongside written text and instructions accompanied by interactive engagement activities and tasks.

Students will possess advanced level knowledge on business risks and opportunities related to digital technologies.

Students will recognise business vulnerabilities that emerge in relation to workplace and individual digital security as new technologies are integrated into strategic decision-making and policy creation

Students will obtain expertise on the range and nature of insider and outsider cyber-threats in relation to people, technologies, data and information, and be able to develop strategies for mitigation and development for specific cyber-security incidents

Students will acquire the vocabulary to interact with professionals and experts from the digital world, including computer and data scientists, programmers, and other technologists.

Critical Commentaries x 4 (1000 words each, all equally weighted)

 

 

Yar, M. and Steinmetz, K. (2019) Cybercrime and Society. SAGE.

Bamberger, K (2010) ‘Technologies of Compliance: Risk and Regulation in a Digital Age’, Texas Law Review, 88(4): 669-740.

Butler, T. and O’Brien, L. (2019) ‘Understanding RegTech for Digital Regulatory Compliance’, in T. Lynn, J. Mooney, P Rosati, and M. Cummins (eds.) Disrupting Finance: FinTech and Strategy in the 21st Century: Palgrave MacMillian: Cham, Switzerland.

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