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

White collar crime and banking crime are both illegal activities, but the difference between them lies in the type of activity the crime involves. White collar crime is a term used to describe a nonviolent crime that is usually committed by people of higher socioeconomic status who are employed in jobs of trust or authority and have access to large amounts of money. This type of crime typically involves deceptive practices like fraud, embezzlement, insider trading, or bribery. Banking crimes also involve the use of money, but they involve activity that is specific to financial institutions or their customers. Examples of this type of crime include money laundering, counterfeiting, and identity theft. These types of crimes are often committed by people who have access to customers’ banking information or who are in a position of trust within a bank. The punishments for these crimes vary depending on the severity of the crime and the laws of the state. In Kansas, white collar crimes are often considered misdemeanors and can come with sentences of fines, community service, restitution, and even jail time. Banking crimes are typically more serious, and as a result, the punishments tend to be harsher. Depending on the level of the crime, those convicted of a banking crime could face maximum prison sentences of up to 30 years.

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

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