... and effectively combat organized criminality and money laundering. The high level of development of the shadow economy, corruption, ineffectiveness of regulatory and legal support, as well as duplication of functions of individual authorities have become prerequisites for the financial monitoring system formation...

... rights only Shadow economy Underground economy Dirty money Tax evasion Illicit income E26 H26 E41 Money laundering is a type of financial crime mostly prevalent in developing countries. It is an illegal activity where criminals turn their dirty money into clean money. In today’s...

... Money laundering Shadow economy Bank performance Laundering of money is a constant headache to many officials in many countries and is an international issue that has caused political instability and a reduction in economic growth (EG). A country such as Jordon is said to lose 2 per cent...

... gap Shadow economy Global economy Tax avoidance H26 H87 H3 Tax gap (TG) is part and parcel of any economy. To a larger or a smaller extent, the shadow economy operates in every country, flourishing because of tax evasion and persistent practices of aggressive tax optimization...

...Bogdan Mróz Purpose The purpose of this paper is to provide an empirical insight into the functioning of the informal sector in Poland and highlight the reasons for involvement of economic agents in the new forms of the shadow economy. Design/methodology/approach The paper is focused...

...Georgios L. Vousinas Purpose This paper aims to bring into surface two major socioeconomic problems of Greece, tax evasion and shadow economy. Design/methodology/approach It examines the determinants and the factors that led to the formation and expansion of tax evasion and subsequently...

...” drives Ukraine’s massive shadow economy comprising nearly half of gross domestic product (GDP) (Schneider and Williams, 2013). Such schemes are present across all the countries of the former Soviet Union, supported by “an entire industry for tax evasion” (Vetkin, 2006 , p. 361). In Ukraine, the term...

...Friedrich Schneider; Konrad Raczkowski; Bogdan Mróz Purpose – The main purpose of this paper is to explore size of the shadow economy of 31 European Countries in 2014 and size of the shadow economy of 28 European Union countries over 2003-2014 (in per cent of official GDP). An additional...

... regime in Kazakhstan, in particular, the legal framework and policies of implementation adopted. Findings – The paper demonstrates that the problems that are posed by the shadow economy in post-Soviet transition societies can make the blanket criminalisation of money laundering a self-defeating...