Common Financial Crimes and How Your Bank Can Avoid Them

Money laundering

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It is a prevalent threat faced by banks as well as many other types of financial institutions

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Embezzlement is a white-collar crime in which an individual misappropriates funds for personal use

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Tax fraud is another form of financial crime in which individuals or businesses give inaccurate information to falsify tax returns.

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Common Financial Crimes and How Your Bank Can Avoid Them

Money laundering

Money laundering refers to malicious actors’ attempts to acquire, conceal, and secure funds that originated from criminal activities.

It is a prevalent threat faced by banks as well as many other types of financial institutions

Identity Theft

Embezzlement is a white-collar crime in which an individual misappropriates funds for personal use

Embezzlement

Tax fraud is another form of financial crime in which individuals or businesses give inaccurate information to falsify tax returns.