Law of Financial Crimes - Desklib

LAW OF FINACIAL
CRIMES

Table of Contents
INTRODUCTION ..........................................................................................................................4
MAIN BODY...................................................................................................................................4
TASK 1............................................................................................................................................4
A.C. 1.1. Explain civil offence according to the Financial Services and Markets Act 2000 and
identify sources of law on insider dealing...................................................................................4
A.C. 1.2. Compare the statutory frameworks and EC context on dealing with insider dealing
and market abuse.........................................................................................................................5
A.C. 1.3. Analyse the general offences of financial crimes under Financial Services and
Markets Act 2000, Fraud Act 2006 and Theft Act 1968.............................................................6
A.C. 1.4. Justify how the market abuse regulation sand powers of regulators act decisively
against insider dealing and related financial frauds....................................................................6
TASK 2............................................................................................................................................6
A.C. 2.1. Explain the purpose of money laundering regulations................................................6
A.C. 2.2. Evaluate the international dimensions of money laundering regulations...................8
A.C. 2.3. Outline the background of proceeds of Crime Act 2002 and explain offences under
its provisions...............................................................................................................................8
A.C. 2.4. Assess the consequences of money laundering on the society....................................9
TASK 3..........................................................................................................................................10
A.C. 3.1. Explain historic and economic context of general provisions of law on money
laundering, terrorist financing, corruption. ..............................................................................10
A.C. 3.2. Identify the EC Market Abuse Directive to control market manipulation and abusive
practices. ...................................................................................................................................10
A.C. 3.3. Explain the role of criminal law in supporting financial regulations in United
Kingdom....................................................................................................................................11
A.C. 3.4. Critically analyse civil recovery in context of financial crimes ..............................11
CONCLUSION .............................................................................................................................12
REFERENCES..............................................................................................................................13

INTRODUCTION
Financial laws are the laws that has been dealing over those laws which makes worn in
relation over financial activities is covered. These laws helps in developing those standards that
makes process of finances within an organization performed in secured manner. Also financial
law helps in preparing framework that makes all kind of aspect related to finance covered with
more effectiveness. The law makes financial stability attained leading over making economical
growth achieved within a country. Also the law deal with money laundering and theft law. Scope
of these law are wider as they directly impacts financial tasks of a country. Nature is dynamic
due its tendency to impact budget formed within a country. This file contains three which covers
concept related to terrorism, money laundering and theft laws. Also in this file things based over
fraud and corruption is been handled.
MAIN BODY
TASK 1
A.C. 1.1. Explain civil offence according to the Financial Services and Markets Act 2000 and
identify sources of law on insider dealing.
1The Financial Services and Markets Act 2000 come into existence on 14th June 2000.
The act has been formed as a single statutory regime over regulation of different kinds of
financial sectors with the help of Financial Services Authority. Further act covers about various
kinds of aspects which has been making an finances managed within a country and has replaced
over making financial services with regulators that has been including Self-regulating
organizations. FSA is acquired over making formal statutory responsibility in order to regulated
over insurers, building societies and friendly societies. Under it FSA has already exercise
banking regulatory functions of Bank and England. Also the act makes changes within the
process which makes investment carried by business professionals like accountancy bodies and
the Law Society. Under the act FSA is required to act as per the regulatory objective that has
been formed by the act. While exercising rule-making power proposal is required to set out.
Further the objectives of the act are as follows:
 maintaining confidence in the financial system.
1 'Crimes: "Infamous" Crimes' (2016) 22 Michigan Law Review