How would you define white-collar crime?
Reportedly coined in 1939, the term white-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence.
What is criminal blindness?
People often experience crime blindness—the failure to see an accident or crime that occurs directly in front of them—if they are focused on some other activity.
Is willful blindness a crime?
This typical occurs in situations of chain of command or organizational hierarchy to help protect the highest ranking individual. When it comes to willful blindness, the law maintains that a person can be found guilty of a crime where they reasonably should have been aware of the criminal nature at hand.
Which of the following crimes is an example of a white collar crime?
Examples of white-collar crimes include securities fraud, embezzlement, corporate fraud, and money laundering. In addition to the FBI, entities that investigate white-collar crime include the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD), and state authorities.
What is Willful Blindness in money laundering?
Wilful blindness is a legal term for which a person is said to deliberately shut his eyes to the obvious, the result of which he does not care to have, he may be said to have been willfully blind to the truth.
Does blindness define ignorance?
Some people tend to view blindness as a physical disability that resembles inferiority. Others believe that blindness defines ignorance as one is unaware of their surroundings or actions. However, the public’s attitudes towards blindness are misconceptions as even a person who can physically see can also be blind.
What is the difference between recklessness and wilful blindness?
Recklessness is “something less than” wilful blindness. Thus, reckless cannot satisfy an offence which requires knowledge as an essential element. In contrast to recklessness, wilful blindness requires that the accused become aware of a need for inquiry and deliberately declines to do so.
Which of the following are examples of wilful blindness?
An example of this would be a case where someone transporting illegal drugs tries to claim innocence by not looking in the package and thus not knowing that he was transporting drugs.
What are the most common types of white-collar crime?
Computer fraud, wire fraud and mail fraud may also be the result of white collar crimes. White collar crimes also include identity theft, mortgage broker fraud, bribery, embezzlement and tax evasion. These crimes are some of the most common types of white collar crimes.
What are the two types of white collar crimes?
White-collar crime is commonly subdivided into two broad, general categories:
- Individual crimes. Individual crimes are financial crimes committed by an individual or a group of individuals.
- Corporate crimes. Some white-collar crime occurs on a corporate level.