Cashing Funds Through Individual Entrepreneur: Features and Consequences

Abstract

The article deals with the most common schemes for conducting illegal cash operations. The main reasons for the commission of unlawful actions with funds have been analyzed. The author described measures to fight illegal schemes for cashing funds. The consequences of committing illegal actions connected with cashing are disclosed. In the 1990s, law enforcement agencies faced a large number of schemes which were aimed at rapid enrichment and legalization of income from illegal activities. Many of those schemes still exist. The notions "cashing funds" and "convert into cash" are used, as a rule, in several different meanings. Cashing funds, unfortunately, can not be considered as a problem of the past. According to law enforcement agencies, as a result of the economic crisis of the past couple of years, the number of illegal transactions related to the cashing of money has increased again. Today, such transactions are carried out not only for the purpose of tax evasion, but also for other criminal acts, for example, the financing of terrorism. The main purpose of this article is to consider the most common schemes and consequences for their use.