Legal Glossary

Definition of Fraudulent Transaction

Any transaction carried out with the purpose of misleading or gaining an unfair advantage is considered fraudulent.

These transactions, which are frequently unlawful, include money laundering, credit card fraud, identity theft, and internet scams, among others.

Fraudulent transactions can harm people, businesses, and even entire economies by causing significant financial losses.

Being aware of suspicious activity is crucial so that it can be reported right away to the appropriate authorities.

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