Financial Crimes are defined as a crime against property, involving the unlawful conversion of the ownership of property (belonging to one person) to one’s own personal use and benefit.
There are many different ways that these crimes can be committed, for instance by mail, fax, telephone and the Internet. By using social engineering techniques or sophisticated technical methods such as “phishing”, fraudsters are able to plunder bank accounts across the world. Victims range from individuals to institutions, corporations, governments, and entire economies.