Concept of White Collar Crime: We have heard a crime happening like murdering someone, kidnapping/ abducting someone and then asking for ransom from the kith and kin of the kidnapped person. In such type of crime physical movement of the criminal is there from one place to another and everything is done in a physical manner. If the ransom is being asked then the handover of the ransom should be in physical cash. Well, that was the concept of crime in everyone’s mind. Such type of crime was known as red collar crime. But this has changed. Now there is no physical movement of the criminal from one place to another place. The term white-collar crime is a new concept in recent years. A new concept of crime rather than the conventional crime i.e. the red collar crime. This concept has evolved in the recent past year where the crime is committed with the help of a laptop or smartphone or a desktop computer sitting in an office or home. There is no face to face collusion between the person of the perpetrator and the victim everything is done from a remote place with the help of information and communication technology (ICT). This has changed the concept of crime. New methods of crime have evolved in society.

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Keywords: Financial Crime Identity Theft, Phasing, White Collar Crime, Fraud.