MONEY LAUNDERING CONTROL - University of Johannesburg

Faculty of LawMONEY LAUNDERING CONTROLPlease note that South African universities are in the process of bringingtheir qualifications in line with the new Higher Education QualificationFramework (HEQF) and this may result in this qualification being renamed.

MONEY LAUNDERINGMoney laundering is one of the mostserious financial offences that can becommitted under South African law.Penalties range up to R1 billion and lifeimprisonment. These offences can becommitted negligently by businesses aswell as their managers and employeeswho fail to comply with their dutiesunder the anti-laundering legislation.In practice, it is often challengingto interpret the law correctly and toensure that the business is compliant.The environment has been made evenmore challenging by the adoption ofrelated legislation regarding corruptionand financing of terrorism. Thisprogramme was developed to enablestudents to form an understanding ofthe law and the practical implicationsof money laundering control in aninternational and a national context.THE PROGRAMMEIn 2000 the Centre for the Study ofEconomic Crime at RAU took theinitiative to develop one of the firstuniversity programmes in moneylaundering control internationally.Following the establishment of theUniversity of Johannesburg on 1January 2005, this programme wascontinued by the new university. Morethan 1 500 senior regulators, complianceofficers, investigators andprosecutors in Southern Africa havealready completed this programme. Ithas also developed into a core moduleof the University’s PostgraduateDiploma in Compliance.PROGRAMME FORMATAND DURATIONThe programme in Money LaunderingControl is presented from January toJune. Contact tuition is compressedinto a three-day programme (24-26January, from 08:00-16:00) at theAuckland Park Kingsway Campus of theUniversity of Johannesburg. Studentswill submit assignments and write afinal examination in June.NB: Attendance of the three-dayworkshop is compulsory.WHO SHOULD ATTEND?The programme is of particular benefitto regulators, supervisors, complianceofficers, investigators and prosecutorsof economic crime, risk managers,company secretaries, internal andexternal auditors, attorneys, bankers,brokers, estate agents and casinooperators.ADMISSIONThe programme is presented at apostgraduate level. Applicants shouldtherefore hold a degree or equivalentassessed tertiary qualification on NQFLevel 6.NB: Foreign applicants should contactthe Faculty for relevant legislativerequirements.ASSESSMENT AND OUTCOMEAn examination is written at the end ofthe programme. Students may sit forthe examination in a number of differentlocations in South and Southern Africa.FEES 20121. Administration fees(non-refundable)Only new applications R350,00ICT levy*R650,00Registration*R550,002. Tuition fee R8 480,00* 2012 fees to be confirmedForeign students pay an internationallevy of R750*.Tuition fees include access to theUniversity’s library, copies of therelevant study material and the

latest copy of South African MoneyLaundering and Terror Financing Law.Students who fail to pay all fees will notbe permitted to attend classes.PROGRAMME LEADERThe programme leader is Prof Louisde Koker, affiliated with the UJ Centrefor the Study of Economic Crime. Profde Koker is currently attached to auniversity in Australia. He writes andlectures on money laundering controland related financial crime.APPLICATION(Offered in 1st semester only)The closing date for applications is31 October 2011.The completed application form andapplication fee must be sent to:The RegistrarUniversity of JohannesburgPO Box 524Auckland ParkJohannesburg, 2006Please attach a certified copy ofyour ID document/passport andcertified copies of your degree to yourapplication form.NB: Foreign applicants should contactthe Faculty for relevant legislativerequirements.Please note that student numbers arerestricted to ensure maximum classparticipation.TOPICSTopics covered include the following:1 The development of moneylaundering and terroristsfinancing control• Money laundering – basic concepts• Financing of terrorism• Important international and regionalstandards and initiatives, includingthe Forty-Nine Recommendations2 Money laundering and terroristfinancing control in South Africa• Money laundering trends inSouth Africa• Practical examples• Money laundering in differentindustries and sectors• The Prevention of OrganisedCrime Act No. 121 of 1998 (POCA)• An analysis of the relevantprovisions• The Financial Intelligence CentreAct No. 38 of 2001 (FICA) (asamended)• An analysis of the relevantprovisions• Relevant provisions of theProtection of ConstitutionalDemocracy Against Terroristand Related Activities Act No.33 of 2004 (POCDATARA), thePrevention and Combating ofCorrupt Activities Act No. 12 of2004 (PRECCA) and the FinancialAdvisory and IntermediaryServices Act No. 37 of 2002 (FAIS)• Introduction to confiscation andasset forfeiture3 Money laundering and the law• Relevant laws and infrastructure• The abuse of companies,close corporations and trusts• Money laundering and criminal law• Accessories after the fact• Fraud, insider trading andtax evasion• Organised crime,racketeering and terrorism• Successful moneylaundering prosecutions inSouth Africa• Money laundering and civil law• Misrepresentation• Client confidentiality andbank secrecy• Attorney-client privilege• Money laundering andinternational laws• Extra-territorial jurisdictionof the United States4 Investigation and compliance• Methods to detect moneylaundering and terrorist financing• Sources of illicit money• Compliance requirements

This unique programme:• introduces students to the main aspects of money laundering law and moneylaundering and terrorist financing control and compliance;• is accredited by the Compliance Institute of South Africa;• is a core module of the University of Johannesburg’s Postgraduate Diploma inCompliance• is accredited by Deakin University, Australia, for suitably qualified students whowish to pursue postgraduate studies in financial crime controlADMINISTRATIVE ENQUIRIESApplication forms and more details on the programmes are available from theFaculty of Law. Tel: 011 559 3739/2758 | Email: excurlaw1@uj.ac.za; dneilon@uj.ac.zaPROGRAMMES PRESENTED IN 20121. Higher Diploma in Tax Law (intake every second year – next intake 2012)2. Higher Diploma in International Tax (intake every second year – next intake2012)*3. Postgraduate Diploma in Drafting and Interpretation of Contracts4. Diploma in Corporate Law5. Higher Certificate in Criminal Justice and Forensic Investigations6. Postgraduate Diploma in Compliance7. Money Laundering Control8. Compliance Management9. Board Governance10. Legislative Drafting11. Environmental Law and Compliance12. Pension Law*13. Seminar on Entertainment Law*Please contact the Faculty to confirm that this programme will be presented in 2012www.uj.ac.za/law