Financial malpractice

Financial malpractice refers to unethical or illegal actions that can involve deception, fraud, or mismanagement of financial operations. These activities often result in financial losses, damaged reputations, and legal consequences for individuals or businesses involved. Common examples include embezzlement, insider trading, and money laundering. Understanding financial malpractice is crucial for developing strategies to prevent it and safeguard assets. Regulatory bodies and internal audits play pivotal roles in detecting and addressing such malpractices to maintain financial integrity and trust within the economy.