Financial Compliance and Risk Management

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The increasingly complex regulatory environment for businesses operating in a technologically advanced, globalized economy has created a need for professionals trained to ensure that businesses comply with all applicable regulations and thereby manage the risks associated with noncompliance, including civil and criminal penalties. Our program enables working professionals to acquire advanced training in financial compliance and risk management on their own schedules, taking all their courses online, one course at a time.


The LLM degree is designed for those who have earned either a Juris Doctor (JD) or a Bachelor of Laws (LLB) degree and who wish to improve their knowledge in a specialized area. The LLM degree requires 24 units. Each course is offered for 3 units. After taking an introductory foundations course, students concentrating in financial compliance and risk management must take six elective courses in that concentration and a thesis course.

Required Courses

An introduction to basic concepts of finance and taxation that will prepare students for enrollment in more advanced elective courses in the field of financial compliance and risk management.

An advanced research course in which each student must write a thesis under faculty supervision. The thesis topic is chosen by the student, subject to approval by the instructor. During the course, students will learn advanced research techniques and participate in workshops in which they receive comments on their work from both the instructor and other students. Taken in the student’s final term.

Elective Courses

Study of the law regulating investment advisers, including the establishment of relationships, fiduciary duties, and recordkeeping. The course also examines SEC and state authority over investment advisers and enforcement under the Advisers Act.

Introduction to the federal regulation of the financial services industry. This course includes types of depository institutions currently playing a significant role in the economy of the United States as well as a close look at the state and federal laws and agencies regulating financial institutions.

Regulation of consumer financial services in the United States, including mortgage lending, loan servicing, credit and debit cards, Truth in Lending, Equal Credit Opportunity, unfair and deceptive trade practices, and other topics. The course also will examine financial institution compliance policies and risk management.

Exploration of concepts of domestic and international money laundering, terrorist financing and compliance. This course includes analyses of the key players and typologies, the complex evolution of the legal regimes and an evaluation of the effectiveness of the legal regimes, and the defenses against financial crimes and the resources for researching the problems and defenses.

An examination of the federal taxation of (1) the U.S.-related income of nonresident aliens and foreign corporations, and (2) the foreign-related income of U.S. taxpayers. Topics include taxation of outbound and inbound expatriates; the source of income and expense allocation rules; the concepts of "US trade or business" and "effectively connected income," and the effect of a tax treaty; the foreign tax credit; Subpart F, PHC, PFIC and other anti-deferral mechanisms; FDAP income and withholding; foreign investment in U.S. real estate and FIRPTA; and the next generation of Foreign Sales Corporations tax preferences.

Examination of domestic and international fraud, bribery and corruption and computer and identity crime. This course includes comparative studies of foreign legal regimes, case studies and policy discussions. Goals of the course include analyses of the complex evolution of the legal regimes and an evaluation of the effectiveness of the legal regimes. The course concludes with a review of the defenses against financial crimes and the resources for researching the problems and defenses.

Provides aspiring professionals with a practical understanding of the foundational principles and mechanics of financial accounting, enabling them to: read financial statements with insight; analyze such statements for investment, risk, tax, strategic management, and compliance purposes; achieve an enhanced understanding of their clients and their financial realities; make sounder professional judgments and business decisions; and communicate with others in the business world on a deeper and more sophisticated level.

Analysis of the basic structure and requirements of the federal securities laws, focusing on compliance and liability issues. The course includes the statutory and regulatory framework of the federal securities laws, the mechanics of securities offerings governed by the Securities Act of 1933, as well as compliance with the periodic disclosure requirements of the Securities Exchange Act of 1934.