Financial crime

High school (ages 12+)
Safety & Emergency

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/financial-crime

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the scope of offenses?Includes fraud, money laundering, insider trading, embezzlement, cybercrime, and more
2. What is the historical context?Evolved from ancient practices like counterfeiting to modern digital and global schemes
3. Why does financial crime hurt people?It can cause big money losses and make people feel scared or sad. It also makes people lose trust in banks and businesses.
4. How do criminals use the internet to commit financial crime?They use tricks like phishing emails, ransomware that locks computers, and hacking to steal money or personal information.

Financial Crime: A broad category of illegal activities involving the manipulation of financial systems for illicit gain.
Money Laundering: The process of concealing the origins of illegally obtained money, making it appear legitimate.
Cyber-enabled Financial Crime: Financial crimes that utilize digital technologies and the internet to perpetrate offenses.