Open AccessCriminal liability for illegal banking activities in the context of countering criminal money cashing
Author(s) -
Dmitry Ovchinnikov
Publication year - 2020
Publication title -
ûridičeskaâ nauka i praktika
Language(s) - English
Resource type - Journals
ISSN - 2078-5356
DOI - 10.36511/2078-5356-2020-4-140-144
Subject(s) - thriving , law enforcement , context (archaeology) , criminal law , business , cash , enforcement , criminal code , money laundering , criminal liability , organised crime , liability , phenomenon , law , law and economics , political science , accounting , economics , finance , sociology , paleontology , social science , biology , physics , quantum mechanics
Currently, the economic sector of public relations is characterized by exceptional criminality. One of the main phenomena responsible for this is illegal money cashing. Almost every business entity considers it acceptable and even necessary to resort to various criminal schemes for obtaining unaccounted cash and tax evasion. The very type of this crime has actually become a thriving and profitable business, which consists in providing services for withdrawing funds from legal circulation. While the existing judicial and investigative practice in the issue of countering this phenomenon has not yet developed a clear answer about the need for appropriate qualifications. There are about a dozen articles of the criminal law in which law enforcement officers try to find the correct legal assessment, and at present, article 172 of the Criminal code of the Russian Federation “Illegal banking activities” deserves special attention.