A New Development in the Secret Economy is Offenses in Settlement Relations

Authors

  • Ismailova Ma’mura Eldorovna International University of Tourism and Cultural Heritage "Silk Road", Uzbekistan

DOI:

https://doi.org/10.51699/cajitmf.v5i6.759

Keywords:

secret economy, credit cards, account, bank, company, debit note, crimes, false information, fake check books, slips, loss, payment

Abstract

This study examines 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.

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Published

2024-10-23

How to Cite

Eldorovna, I. M. (2024). A New Development in the Secret Economy is Offenses in Settlement Relations. Central Asian Journal of Innovations on Tourism Management and Finance, 5(6), 364–374. https://doi.org/10.51699/cajitmf.v5i6.759

Issue

Vol. 5 No. 6 (2024): October

Section

Articles

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