What defines white-collar crimes?

White-collar crimes are characterized primarily by being non-violent offenses that are committed for the purpose of obtaining financial gain. These crimes typically occur in business or professional contexts and may involve deceit, concealment, or violation of trust. Offenders tend to use their position or professional skills to commit these acts, impacting individuals, businesses, and government entities.

Non-violent in nature, examples of white-collar crime include fraud, insider trading, embezzlement, and money laundering. The focus on financial motivation distinguishes white-collar crime from other criminal categories, such as violent or property crimes. Understanding this definition is crucial as it highlights the specific social and economic ramifications such crimes have compared to more traditional criminal acts.