What is the difference between a white collar crime and a banking crime?

White collar crime and banking crime are two separate and distinct criminal activities. White collar crime is generally defined as a non-violent crime which typically involves a conspiracy to commit fraud or other crimes by a person, organization or corporation. These crimes may also be known as corporate crime or financial crime and typically involve the manipulation of financial records, creating false records, embezzlement, or other deceptive practices. Banking crime, on the other hand, is a specific type of crime that involves the misuse of banking laws and regulations to commit fraud or to illegally obtain money. It may include identity theft, counterfeiting, money laundering, and other forms of financial fraud. Banking crime can also involve the use of shell companies, offshore accounts, and other techniques to hide illegal or unethical activities. In South Carolina, both white collar crime and banking crime are considered serious offenses and punishable by fines, imprisonment, or both. The South Carolina Criminal Code specifically defines the types of behavior that constitutes white collar crime and banking crime. Both types of activities are investigated by law enforcement, and those that are convicted of these offences face strong penalties.

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What is the difference between a white collar crime and a banking crime?

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