Anti-Money Laundering and Counter Terrorist Financing
Short presentation of the programme:
The MA in Anti-Money Laundering and Counter Terrorist Financing is a new program developed by the Department of National and International Security in cooperation with the Department of Economics of the New Bulgarian University.
The purpose is to offer training to a wide range of potential employees in the state administration (incl. the Ministry of the Interior), employees in banking and non-banking financial institutions, persons liable under the Law on Measures Against Money Laundering, etc. In fulfillment of this objective, in addition to the fundamental, and therefore obligatory lecture courses in the programme, the Ministry of Justice offers a set of courses allowing a focus on AML/CFT from the perspective of law enforcement agencies and that from the perspective of persons obligated under the AML
The programme provides students with a reliable theoretical foundation in the field of combating money laundering and terrorist financing and practical skills in applying the acquired knowledge. This is achieved through the skillful selection of relevant courses and lecturers who possess practical competence (incl. international competence) in the subject they teach.
Teaching methodology
The philosophy is to provide graduates with competences to apply their knowledge in practice. Each course is built on Bloom's Taxonomy, i.e. remember, understand, apply, analyse, evaluate and create.
There is also unified student assessment process, i.e. a mid-semester test to assess understanding and ability to reproduce key concepts, and a final test based on solving a hypothetical case. There is time allocated for practical class assignments within lecture hours, preparing students to meet the requirements of the programme as a whole and the final test in each discipline in particular.
Major and professional qualification:
Major:
.
Qualification: .
Practical training courses:
The programme provides internships in:
– specialised state bodies working in the field of financial intelligence;
– specialised units in the private sector committed to preventing money laundering.
International mobility:
Under the Erasmus + programs.
Graduate Student Competencies:
Upon completion of the program, students have systematic and up-to-date knowledge of:
• Trends at the global, regional and national level in the sphere of PIP/FT;
• The institutional and legal framework for combating AML/CFT;
• The obligations assigned by the law to the obliged persons for the prevention of AML/CFT and how they should be observed;
• The toolkit for investigating and prosecuting money laundering and terrorist financing;
• The assessment of the risk of money laundering and terrorist financing and its management.
Graduation:
Completion of studies in the master’s programme takes place by defending a bachelor's dissertation or passing a state exam upon earning the required number of 82 credits. Students with a GPA below 4.50 take a state exam.
The graduation process complies with the NBU Standard for Educational and Qualification Degree Completion.
Occupation and possible positions:
- specialists (management and expert positions) in the public sector to combat money laundering and terrorist financing;
- specialists (managerial and expert positions) in the private sector to combat money laundering and terrorist financing;
- researchers in scientific units and teachers in higher schools.
Department :
National and International Security