Open AccessFeatures of the use of offshore zones in order to legalize criminally obtained funds
Author(s) -
Artem Ivanov
Publication year - 2020
Publication title -
russian journal of management
Language(s) - English
Resource type - Journals
eISSN - 2500-1469
pISSN - 2409-6024
DOI - 10.29039/2409-6024-2020-8-1-36-40
Subject(s) - money laundering , tax evasion , capital (architecture) , order (exchange) , business , evasion (ethics) , submarine pipeline , terrorism , finance , economics , political science , public economics , oceanography , law , geography , geology , immune system , archaeology , immunology , biology
Criminally obtained funds criminalize economic activity, facilitate the penetration of criminal elements into all economic institutions, and also serve as a breeding ground for organized crime. Money laundering through offshore companies is closely related to the outflow of capital abroad and tax evasion.