Financial crime refers to illegal activities that involve the manipulation of financial systems for personal gain. This can include actions like fraud, where individuals deceive others to obtain money or assets, and money laundering, which is the process of making illegally obtained money appear legitimate. These crimes can harm individuals, businesses, and even entire economies. Another common type of financial crime is embezzlement, where someone in a position of trust misappropriates funds for their own use. Additionally, insider trading involves buying or selling stocks based on non-public information, giving an unfair advantage. Overall, financial crime undermines trust in financial systems and can lead to severe legal consequences.