Understanding financial crime risk management

Financial Crime Risk Management (FCRM) is intended at protecting the financial system to counter, detect and deter financial abuse and financial crime. 

Financial Crime refers to any non-violent misconduct that normally results in financial loss, as well as financial fraud. It consists of a variety of illicit activities such as money laundering, terrorist financing, fraud, bribery and corruption, market abuse and insider trading, tax evasion, embezzlement, counterfeiting, and identity theft.