How is "white-collar crime" best defined?

"White-collar crime" is best defined as non-violent crime committed for financial gain. This type of crime typically involves deceit, concealment, or violation of trust, and often occurs within a business or professional context. The individuals committing these crimes are usually in positions of authority or trust, and they exploit their knowledge and skills to engage in activities such as fraud, embezzlement, insider trading, and money laundering.

The emphasis on non-violence and the intent for financial profit are key characteristics that distinguish white-collar crime from other types of crime, such as violent offenses. This definition highlights the underlying motivations and context in which these crimes occur, setting it apart from crimes typically associated with poverty or street-level crime. Additionally, the term encompasses not only traditional business environments but also public sector corruption and regulatory violations, emphasizing the broad scope of actions considered white-collar criminality.