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Concept information

Preferred term

underground banking regulations  

Definition(s)

  • Underground banking (also commonly referred to alternative remittance systems or informal value transfer systems) is the movement of money outside the network of banks and money transfer institutions that make up the formal banking system. The term underground banking does not necessarily denote illegal activity. [Source: Encyclopedia of Transnational Crime & Justice; Underground Banking Regulations]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-L4R7PGG4-Q

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