economic crime
[ɪˌkɒnɒmɪk kraɪm]
nounpl: economic crimes
crime econômico
1. Illegal activity involving deception or fraud for financial gain, including embezzlement, money laundering, insider trading, and tax evasion
The executive was charged with economic crime for falsifying company records.
O executivo foi acusado de crime econômico por falsificar registros da empresa.
2. Non-violent criminal offenses committed in the course of business or financial transactions
Economic crime costs businesses billions of dollars annually.
O crime econômico custa bilhões de dólares às empresas anualmente.
3. White-collar criminal activity perpetrated by individuals or organizations for financial benefit
The task force was established to investigate economic crime in the financial sector.
A força-tarefa foi estabelecida para investigar crime econômico no setor financeiro.
In Brazil, economic crime ('crime econômico') is a serious concern particularly in the financial and political spheres, often discussed in relation to corruption and embezzlement cases. In the USA, the term is frequently used by the FBI, SEC, and financial regulatory bodies. Both countries have dedicated task forces and departments to combat economic crime, and it is treated as a major category of criminal activity distinct from street crime.
NYC Slang
white-collar hustle / financial scheme
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