Define: White Collar Crime

White-collar crime refers to non-violent offences committed by individuals or organisations typically in commercial or financial contexts for financial gain. These crimes are often characterised by deceit, concealment, or violation of trust and are usually carried out by professionals or persons in positions of authority. Examples of white-collar crimes include fraud, embezzlement, insider trading, bribery, money laundering, and cybercrime. Unlike traditional crimes, white-collar crimes typically involve complex schemes, sophisticated methods, and may have widespread economic impacts. Investigations and prosecutions of white-collar crimes often involve regulatory agencies, law enforcement, and specialized units due to their complexity. Penalties for white-collar crimes may include fines, restitution, forfeiture of assets, and imprisonment. The term “white-collar crime” contrasts with “blue-collar crime,” which typically involves physical violence or property damage.

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This glossary post was last updated: 29th March 2024.