Unmasking Financial Crimes in Cyprus: A Postgraduate Course Exploring Fraud and Money Laundering

Overview

In the sunny Mediterranean island nation of Cyprus, financial crimes cast a long and costly shadow. To better understand these illicit activities and their impact on local and international economies, the University of Cyprus offers the PDK522 Thematic Unit: Financial Crime and Economics in Cyprus. In this article, we delve into the details of this postgraduate course.

Course Overview

Students enrolled in this ten-ECTS module will embark on an in-depth journey into the world of financial crimes. They will explore the root causes, profile of the perpetrators, and devastating effects on economies and communities.

Course Components: Assessment includes 30% assignments and 15% interactive activities. The remaining 55% will be tested in the final examination. The semester-long course commences with a tuition fee of €600.

Prerequisites

To enroll, students must have completed the following modules:

1. PDK511
2. PDK512
3. PDK513

Exploring Financial Crimes

Professional Fraud: This pervasive concern is extensively studied in the course. Topics include asset misappropriation, falsified financial statements, and corruption, a major global issue.

Money Laundering: Students will learn about the methods of money laundering and the reasons for its challenges in detection. They will assess the current legal framework and preventive measures.

Additional Topics: The course covers financial crimes involving cheques and credit cards, electronic crimes, tax offenses, and bankruptcy offenses. Effective ways to prevent and detect these financial crimes will be explored.

Benefits of the Course

This postgraduate course offers a valuable opportunity for those interested in gaining a deep understanding of financial crimes and their role in the economy. Participants will be equipped with the tools to effectively combat these transnational issues.