Malum in se is a Latin term which means “wrong in itself”. It is an immoral act and is considered wrong based on the basic principles of morality and the rules of society regardless of whether it is forbidden by law. For example, adultery, theft, murder, and rape. However, Malum Prohibitum refers to activities that are considered immoral because it is forbidden by law and is considered illegal. for example, violations of the Securities and Exchange Act and mostly white-collar crimes are malum prohibitum