Kyc Vs Aml What Is The Difference What Is Financial Crime
What is financial crime? The definition of financial crime is any activity that involves fraud, deceit, manipulation, or similar to achieve a financial gain. For example, it could be illegally avoiding taxation or using fake invoices to gain money. Here are some of the common types of financial crime and a short definition. Money laundering: this is where the proceeds of crime such as trafficking, corruption, or theft are processed through legitimate businesses to clean them of their illegal origins....