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2020: Theoretical and Methodological Approaches to the Formation of a Modern System of National and International Enterprises, Organizations and Institutions' Development (2nd edition)

Apparatus for management of cash turnover unshadowing

DOI
https://doi.org/10.36074/tmafmseoid.ed-2.03
Published
2020-08-13

Abstract

The reasons, features and consequences of using cash as a money laundering tool are studied. The most common schemes of money withdrawal to the shadow turnover and their volumes have been analysed. The need for systematic review and optimization of the legal regulations concerning cash turnover and cash instruments in accordance with the recommendations of relevant international institutions in the field of countering money laundering and terrorism financing has been proved. Tools for the management of cash turnover unshadowing with the aim of countering the use of cash in the shadow withdrawal of capital have been proposed. It has been established that legal instruments are basic for other groups of instruments, the administrative instruments are used in response to the detection of shadow cash transactions, and the economic and organizational instruments are applied to achieve the corresponding effects in the context of cash turnover unshadowing.

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