How is financial crime commonly defined?

Financial crime is commonly defined as any crime that results in unlawful ownership for personal benefit. This definition captures the essence of what constitutes financial crime, as it involves deceit or fraud to gain monetary or property benefits unlawfully. Financial crimes can include activities like fraud, money laundering, embezzlement, and other forms of theft, all characterized by the intention to benefit personally at the expense of others or the financial system.

The other options do not accurately encompass the broader scope of financial crime. For instance, defining financial crime solely as a crime that increases market share is too narrow, as it could imply legitimacy in competitive business practices rather than unlawful actions. Similarly, stating that it is any crime affecting government compliance overlooks the specific intent of financial crimes to secure personal gain. Finally, defining it as a crime involving physical assault entirely misses the essence of financial crimes, which are primarily non-violent and related to financial transactions or manipulation.