Economic crime refers to illegal activities that are committed for financial gain. This includes offenses such as fraud, money laundering, and embezzlement. These crimes can occur in various sectors, affecting businesses, governments, and individuals. Economic crime undermines trust in financial systems and can lead to significant economic losses. Governments and organizations often implement measures to combat economic crime, such as stricter regulations and enhanced monitoring. Law enforcement agencies work to investigate and prosecute offenders, aiming to protect the integrity of the economy. Public awareness and education are also crucial in preventing such crimes and promoting ethical behavior in financial dealings.