GLOBALISATION

NEW TECHNOLOGIES

UNDERGROUND ECONOMIES

FINANCIAL DE-REGULATION

PROGRESS OF EUROMARKET

The black market, underground economy, or shadow economy is a clandestine market that has some aspect of illegality or is characterized by some form of non-compliant behaviour with an institutional set of rules.

Common motives for operating in black markets are to trade contraband, avoid taxes and regulations, or skirt price controls or rationing. Cash usage is the preferred medium of exchange in illegal transactions since cash usage does not leave a footprint. However, the only way to legitimise the 'black money' arising through black markets is by some form of money laundering.

UNDER REGULATED FINANCE CENTRES