White Collar crime is a big global affair and increasing at a huge rate. The white collar crime which is common to the Indian trade and business word are holdings, profiting and black marketing. White-collar crimes are not just crimes against society but also infringe the directive principles of state policy and basic human rights. It cannot be overlooked that with the arrival of technology and the growth of education, white-collar crimes are on the growth and therefore it is high time that such as effective and proactive measures are developed to seize the same.
White Collar crimes are indeed diverse in nature.
Some of the White Collar Crime which is emerged are:
- Bank Fraud: Bank fraud a financial scam, it is made through fast representation by federal and companies. It also involves handling negotiable instruments such as cheque bouncing security Bank deposits etc.
- Bribery: It is a very common type of white collar crime. In bravery, we give the individual money or goods in exchange for a favour deliveries. In simple words when a man gives money to another person who has authority.
- Money Laundering: in such a crime criminal attempts to cover up the original ownership of the money and resources since it is usually opting for illegal money laundering means to show the illegal money as legal.
- Tax Evasion: Tax evasion was also known as fraud. It is the purposeful failure to pay taxes due that covers all those who earned income, don’t report it or concealed the earnings by fudging a return or supporting documents.
- Forgery: It involves a false document, signature or another duplicate of a value object used for the purpose of the misleading
- Insider Trading: Insider trading is characterized as malpractice in which accompanies individuals, who because of their jobs have exposure to their to otherwise non-public information that can be significant to making investment decisions.
- Counterfeit: It makes it easier to make profits from illegal transactions and to mislead a person who believes that the description is real and that the transcribe work is of greater value.
- Extortion: when one party forces another party to pay money, property or services. It is said to have committed extortion. It is a white collar crime because an individual can take advantage of his office and uses a higher position to force another person to give money or transfer property for providing service.
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