Study-Unit Description

Study-Unit Description


TITLE Forensic Risk Management

LEVEL 03 - Years 2, 3, 4 in Modular Undergraduate Course



DESCRIPTION At the outset, the study-unit embarks upon introducing the nature and impact of white-collar crime. This broadly covers various criminal activities such as money laundering and the funding of terrorism, fraud, corruption, and match-fixing; including also methods of investigation and their effect on businesses and legal persons alike. The study-unit will then assess analytical measures to be taken in order to mitigate, investigate, and counter white-collar crime. Distinct reference shall be made on the topic of due diligence, with a practical approach being provided on various kinds of due diligence processes such as Customer Due Diligence. In this regard, the study-unit also delves into the Compliance Culture being adopted by most businesses as result to the emergence of white-collar crime, whilst also analysing the risk-based approach being implemented in the process of investigating customers for possible criminal relationships. During the duration of the course, references will also be made to new payment technologies, the emergence of the remote gaming industry, and factual case-studies.

Study-unit Aims:

The study-unit aims to introduce students to today’s white-collar crime activities, and the forensic and investigative measures being taken in order to mitigate, investigate, and counter them. The study-unit also aims to be practical in preparing students to be able to effectively understand AML/CFT requirements and the undertaking of investigations thereof.

Learning Outcomes:

1. Knowledge & Understanding
By the end of the study-unit the student will be able to:

- Describe White-Collar Crime, and realise its impact on businesses and regulators;
- Explain Due Diligence, and report the nature and scope of a due diligence investigation;
- Example the requirements of the Customer Due Diligence procedures;
- Describe Compliance, and demonstrate the compliance function in the fight against crime;
- Describe the Risk-Based Approach and its value in the face of risks imposed by white-collar crime;
- Analyse Malta’s Remote Gaming Industry, as a case-study of an industry utilising forensic and investigative measures in order to mitigate, investigate, and counter white-collar crime.

2. Skills
By the end of the study-unit the student will be able to:

- Demonstrate critically the theories of white-collar crime;
- Conduct an effective Customer Due Diligence investigation, and a report thereof;
- Ask key questions in order to uncover crucial information;
- List and evaluate the AML/CFT obligations of legal persons;
- Recognise and determine red flags and explore them effectively.

Main Text/s and any supplementary readings:

FIAU, (2017).Implementing Procedures (Part I) [ebook] Financial Intelligence Analysis Unit. Available at
FAU, (2018),Implementing Procedures (Part II) - Remote Gaming Sector. [ebook] Financial Intelligence Analysis Unit. Available at:
Magurie, M., Morgan,R. and Reiner, R., (2012). The Oxford Handbook of Criminoology. 5th ed. Oxford: Oxford University Press.


Assessment Component/s Assessment Due Resit Availability Weighting
Assignment SEM2 Yes 30%
Assignment SEM2 Yes 70%

LECTURER/S Antonio Zerafa

The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2020/1. It may be subject to change in subsequent years.