A New Development in the Secret Economyis Offenses in Set-tlement Relations

Ismailova, Ma’mura Eldorovna (2024) A New Development in the Secret Economyis Offenses in Set-tlement Relations. Central Asian Journal of Innovations on Tourism Management and Finance, 5 (6). pp. 365-374. ISSN 2660-454X

Text 759-Article Text-1503-1-10-20241023.pdf Download (400kB)

Abstract

This studyexamines the complexities of the secret economy, paying special attention to crimes like money laundering and tax fraud that are perpetrated through settlement relations. Although the wider effects of the shadow economy have been extensively studied, little is known about how particular legal flaws in financial systems allow these crimes to occur. Investigating the exploitation of regulatory gaps, particularly in decentralized finance and cryptocurrency platforms, the study employs a qualitative investigation of contemporary financial behaviors. The results show that these shadow transactions greatly reduce financial openness, making it possible for corruption and unchecked illicit fund transfers to occur. With consequences for global economic governance and sustainable development, the findings highlight the necessity of stronger laws and international collaboration to stop illegal cash flows

Item Type:	Article
Subjects:	H Social Sciences > HN Social history and conditions. Social problems. Social reform
Divisions:	Postgraduate > Master's of Management
Depositing User:	Journal Editor
Date Deposited:	18 Dec 2024 07:24
Last Modified:	18 Dec 2024 07:24
URI:	http://eprints.umsida.ac.id/id/eprint/14918

Actions (login required)

View Item