White-collar be Financial crime

Question

What are the differences between white-collar crime and financial crime?

Answer 1

The two are synonymous. White collar crimes are usually financially motivated and are committed by people who working within a business and/or government.

What makes a financial crime different from a white collar is a financial crime can occur outside of a business or government environment and include but not limited to armed robbery and burglary. So in a sense financial crimes may often include an additional criminal acts.