Meaning of CORPORATE CRIME

Meaning of CORPORATE CRIME:

The phrase conveys the point, often neglected in criminology, that organisations can, in two senses, commit crimes. They can break the law (as when senior officials of a corporation instruct staff to construct fraudulent accounts). They can also inflict harm of a scale and nature which, were it done by an individual, would be regarded as a crime. For example, a corporation may cause serious damage to the health of its workers. Organisational crime should be distinguished from white-collar crime (which often involves crimes against employers; embezzlement is an example) and from organised crime.