financial crime
International term for offences where economic gain is the primary motive
Financial crime is a broad international term for criminal conduct in which economic gain is the primary motive or outcome. The concept is used especially in international contexts and covers all forms of offences that exploit or damage financial systems. The most common forms of financial crime include fraud in its many variants, laundering of money derived from criminal activity, terrorist financing, bribery and corruption, document forgery and counterfeiting, tax evasion, and the abuse of financial institutions and systems.
What these offences have in common is that they are often complex, cross-border in nature, and capable of causing extensive economic and societal consequences. International organisations such as Interpol coordinate cross-border police cooperation on financial crime. Interpol does not function as a court and does not itself establish criminal law, but supports the police authorities of its member countries with the exchange of information and the coordination of investigations across national borders.
Financial crime forms a central category within true crime, because the offences are documentable, real events with identifiable victims and perpetrators. The economic consequences can range from individual losses to systemic threats against financial institutions and public confidence in economic systems.
Posts Tagged “financial crime”
30 posts
Showing first 20 of 30 posts. Use search or filters to find more.