Crimes are gradually increasing one being Financial crimes. The technology and due to its quick advances, these types of crimes are often committed via the internet and have major impact on the international banking and financial sectors – both official and alternative. Financial Crimes are crimes against property, involving the unlawful conversion of the ownership of property for one’s personal use and benefit. Financial crimes may involve cheque fraud, credit card fraud, mortgage fraud, medical fraud, corporate fraud, securities fraud, bank fraud, insurance fraud, market manipulation, payment fraud, health care fraud, theft scams or confidence tricks; tax evasion, bribery, embezzlement, identity theft, money laundering and forgery and counterfeiting, including the production of Counterfeit money and consumer goods.
Financial crimes may involve additional criminal acts such as computer crime, elder abuse, burglary, armed robbery, and even violent crime such as robbery or murder. Financial crimes may be carried out by individuals, corporations or by organized crime groups. Victims may include individuals, corporations, governments and entire economies.