financial crimes

Financial crimes refer to illegal activities that involve deceit, manipulation, or theft for financial gain. Common examples include fraud, money laundering, embezzlement, and insider trading. These crimes can affect individuals, businesses, and governments, leading to significant financial losses and undermining trust in the economy. Perpetrators often exploit loopholes in laws or regulations to carry out their schemes, making detection and prevention challenging. Efforts to combat financial crimes involve law enforcement, regulatory agencies, and financial institutions working together to identify and address these illicit activities.