Financial Crimes: The bits of their types

Financial Crimes: The bits of their types

The most common form of crime that is widespread and prevalent is financial crime. Financial Crime has a wide spectrum ranging from petty thefts to the highly advanced cyber crimes. The financial crimes also include the crimes committed against property. Such kind of property related crimes are essentially the conversion of property ownership by unlawful means and methods, so that it can be used for personal benefits. Property crimes are very prevalent in the current financial situation of the United States.

The other most common form of financial crime is fraud. The variety of frauds committed in the current financial scenario is huge. They include frauds related to checks, credit card, mortgage, insurance, securities & bonds along with bank and POS (point of sale) frauds. Some more types of crimes are also enlisted below the various forms of financial crimes. They include theft including identity theft, confidence tricks or scams, bribery & embezzlement, tax evasions, forgery along with counterfeiting of consumer goods and money.

Money laundering is a financial crime of very serious concern. This form of crime is often associated with the funding of various terrorist activities of both domestic and international scale. Most of the time, it is done with the simple concept of hiding the true origin of the criminal activity under various pretexts. Other grave forms of financial crimes include robbery, which often involves violence and abuse. Individuals or organized groups can commit the crimes for various motives. The victims often include individuals, government, or entire economies.

 

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