Financial Crimes

Financial Crimes

Introduction

The financial crime is defined as any type non financial offense which is committed against or by the corporation or individual and also results in the financial loss. When the financial institutions are involved, the crime is called the financial sector crime. Though most of the financial sector crimes felonies, they are increasing at an alarming rate. The common financial crimes are the antitrust fraud, bankruptcy, bribery, money laundering, computer fraud, credit card fraud, embezzlement, government fraud, environmental fraud, insider trading, trade secret fraud and mail fraud (www.lawyershop.com).

Because of the complex nature if the financial services, the detection ...