| CODE | MRK5017 | ||||||||
| TITLE | Report Writing in Financial Regulation and Compliance | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Marketing | ||||||||
| DESCRIPTION | This unit is designed to develop report writing skills for Financial Regulation and Compliance settings, with a focus on practical applications and case studies. The unit encompasses essential techniques for effective report writing, including organizing content, using visual aids, and employing clear, active language. Participants will learn how to craft financial regulation and compliance reports that are not only compliant with regulatory standards but also engaging and informative. The unit will use real-world examples to illustrate best practices. Students following this study-unit will learn how skillful writing helps them accomplish their regulatory and compliance objectives. They will understand that the purpose of multiple documents such as internal compliance documentation, minutes writing, memos, formal letters and prevention of money laundering and funding of terrorism related documents, among other. Students will recognize the value of meeting the specific needs of the intended audience through clearer, consistent and more effective writing. This study-unit provides students with the knowledge and understanding of how to write well and communicate effectively, by covering style, technique, and form. . Study-unit Aims: - To provide an in-depth understanding of the importance, role, and types of reports in financial regulation and compliance, including compliance reports, inspection reports, and memos; - To equip students with the skills necessary to structure and write effective compliance reports, including the use of clear and precise language, and to avoid common grammatical pitfalls; - To familiarize students with best practices in report writing, including the integration of visual elements such as charts and figures, and the use of appropriate software and tools for report writing and data visualization; - To enhance students' knowledge of regulatory requirements and frameworks, ensuring that they can produce reports that meet compliance standards and address the guidelines of key regulatory bodies; - To develop students' ability to identify, assess, and manage risks related to money laundering and terrorist financing, and to design and implement effective AML/CFT compliance programs; - To provide practical experience in reviewing and editing compliance reports and memos through the analysis of real-world case studies and peer review sessions, enhancing students' critical analysis and constructive feedback skills. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Outline the significance of determining the appropriate occasions for producing reports and the rationale behind the need for a specific writing style; - Comprehend the Importance and Role of Compliance Reporting; - Understand AML/CFT Concepts and Reporting Requirements; - Familiarize with Compliance Management Reporting; - Identify Emerging Trends and Challenges in AML/CFT. 2. Skills By the end of the study-unit the student will be able to: - Identify key issues in improving writing; - Develop effective and well-wtructured compliance reports incorporating best practices in language, grammar, and structure; - Apply best practices in data visualization and report design. Utilize principles of good design and appropriate tools to integrate text with visual elements, such as charts and figures, in compliance reports; - Analyse critically and peer review reports. Enhance the ability to review, edit, and provide constructive feedback on compliance reports and memos through practical exercises and peer review sessions; - Prepare for and report on onsite inspections. Gain practical experience in preparing for onsite inspections and reporting findings, ensuring that compliance goals are met and areas of improvement are identified; - Conduct comprehensive proofreading to ensure reports are professional and free of errors. Main Text/s and any supplementary readings: Main: - Kuiper, S. (2009) Contemporary Business Report Writing. Cengage South-Western. Supplementary: - Strunk, William, and E.B. White. The Elements of Style. 4th ed.. Allyn and Bacon, 2000 - Bowden, J. (2011) Writing a Report. How to Books - Fitria, Tira Nur, Business English as a Part of Teaching English for Specific Purposes (ESP) to Economic Students (2019) - Chowdhury, Hasibul and Tan, Kelvin Jui Keng and Wang, Junyi, Does Annual Report Readability Affect Labor Investment Efficiency? (2021) Available at SSRN: https://ssrn.com/abstract=3925362. |
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| ADDITIONAL NOTES | Pre-Requisite qualifications: Bachelor Degree or as determined by the Board of Studies | ||||||||
| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Dylan Tonna Daniel Abela Graziella Bray Maria Callus Franco Curmi Joseph Schembri Pauline Tonna |
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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 2025/6. It may be subject to change in subsequent years. |
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