fbi.gov White-Collar Crime Application : Federal Bureau of Investigation
Organisation : Federal Bureau of Investigation
Facility Name : FBI White-Collar Crime Application
Country : USA
Website : https://www.fbi.gov/investigate/white-collar-crime
What is FBI White-Collar Crime?
These crimes are not violent, but they are not victimless. White-collar crimes can destroy a company, wipe out a person’s life savings, cost investors billions of dollars, and erode the public’s trust in institutions. The FBI’s white-collar crime program focuses on analyzing intelligence and solving complex investigations—often with a connection to organized crime activities. Our white-collar crime investigations can be regional, national, and/or international.
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The FBI works closely with partner law enforcement and regulatory agencies like:
**The Securities and Exchange Commission
**The Internal Revenue Service
**The U.S. Postal Inspection Service
**The Commodity Futures Trading Commission
**The Treasury Department’s Financial Crimes Enforcement Network
How To Apply FBI White-Collar Crime?
To Apply FBI White-Collar Crime, Follow the steps given below
1. Contact the FBI online
Step 1: Go to the link https://tips.fbi.gov/
**This form is used to report federal crimes and submit tips regarding terrorist activity. If you are reporting Internet-based fraud, please submit a tip to IC3.gov.
**Be specific when providing information.
**Submit your information only once.
Step 2: Give Your Personal Details.
Step 3: Click on Next
2. Contat Your Local FBI Field
https://www.fbi.gov/contact-us/field-offices
3. Report internet-enabled fraud schemes
Examples of White-Collar Crime
1. Corporate Fraud
As the lead agency investigating corporate fraud, the FBI focuses its efforts on cases that involve accounting schemes and self-dealing by corporate executives, as well as obstruction of justice (activities designed to conceal this type of criminal conduct).
The FBI’s corporate fraud investigations primarily focus on:
Falsification of financial information:
**False accounting and/or misrepresentations of financial conditions
**Fraudulent trades designed to inflate profits or hide losses
**Illicit transactions designed to escape regulatory oversight
Self-dealing by corporate insiders:
**Insider trading (stock trading based on material, non-public information)
**Kickbacks
**Misuse of corporate property for personal gain
**Individual tax violations related to self-dealing
2. Money Laundering
Money laundering is turning “dirty” money “clean” by making it look like money from crimes actually came from legitimate sources.
Money laundering allows criminals to:
** hide and accumulate wealth
** avoid prosecution
** avoid taxes
** increase profits through reinvestment
** fund further criminal activity
The FBI focuses its efforts on money laundering facilitation—targeting professional money launderers, key facilitators, gatekeepers, and complicit financial institutions, among others.
Criminals who engage in money laundering derive their proceeds through:
** Complex financial crimes
** Health care fraud
** Human trafficking
** International and domestic public corruption
** Narcotics trafficking
** Terrorism
Criminals use a number of tools to launder money, including:
** Financial institutions
** International trade
** Precious metals
** Real estate
** Third party service providers
** Virtual currency
There are three steps in the money laundering process—placement, layering, and integration:
** Placement is the criminal entering money into the financial system.
** Layering is the most complex and often involves moving money internationally. Layering separates the criminal’s money from the original source and creates a complex audit trail through a series of financial transactions.
** Integration occurs when the criminal’s proceeds are returned to them from what appear to be legitimate sources.
The FBI regularly coordinates with other law enforcement agencies, international partners, and industry to detect and disrupt money laundering.