This essay provides an analysis of white-collar crime, focusing on the Australian context and the role of the Royal Commission. It defines white-collar crimes, highlighting their financial motivations and various forms such as fraud, misappropriation, and money laundering. The essay examines the public perception and legal treatment of these crimes, contrasting them with street crimes and discussing the challenges in prosecuting white-collar offenders. It explores the impact of the Royal Commission in the banking sector, including its recommendations for criminal charges against major banks and the need for increased regulatory powers. The essay concludes by emphasizing the seriousness of white-collar crimes and the necessity for comprehensive measures to address them effectively in Australia.
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