FOR3705 Assignment 1 Semester 1 Memo | Due 29 March 2025

Description

FOR3705 Assignment 1 Semester 1 | Due 29 March 2025. All questions answered. Question 1 1.1. Analyse the relationship between data mining and data analysis in financial crime investigation. 1.2. Assess how these two processes complement each other in detecting financial crimes. Question 2 2.1. Compare public and non-public sources of information in financial crime investigation. 2.2. Explore three relevant examples of each type of source and argue their significance in financial crime investigation. Question 3 3.1. Evaluate five key advantages of using data analysis software in financial crime investigation. 3.2. Support your answer by generating one practical example for each key advantage. Question 4 4. Distinguish the four main phases of the data analysis process and interpret their importance in ensuring accurate financial crime investigation results. Question 5 5. Demonstrate how undercover operations and surveillance operations can be effectively utilised in financial crime investigation. Question 6 6.1. Compare the net-worth method and the expenditures method as indirect approaches to proving a subject’s sources of income. 6.2. Explain when each method would be most appropriate to use.