What is Financial Fraud and Crime

An intentional act of deception involving financial transactions for purpose of personal gain. As a civil law violation, fraud is associated with crime and involves complex transactions usually conducted by knowledgeable professionals with criminal intent. Any intentional offence or any premeditated act, omission or concealment involving a breach of legal obligation or equitable responsibility. It results in a breach of duty or trust, a deprival, a loss, a deception or a disguise. FFC usually harms the victims and give an advantage over others, often by organized groupings operating in a multi-jurisdiction environment with a layer of mutable opportunist accomplices. FFC operations are rooted on unethical misconducts and abuses.

Financial Fraud, Technology Disruption, and Cyber-Governance

Yves Ekoué Amaïzo (Director Afrocentricity Think Tank, Austria)