illicit transactions
Under-the-table exchanges
Illicit transactions are exchanges of money, goods, or services that violate laws or regulations.
The phrase covers drug deals, money laundering, smuggling, bribery, and other prohibited commerce: The investigation uncovered illicit transactions totaling millions.
Financial institutions monitor accounts for patterns suggesting illicit transactions.
- offshore accountsBank deposits in other countries
- numbered accountsBank holdings identified numerically
- smugglingIllegal covert transport
- organized crimeStructured illegal enterprise
- drug cartelsCriminal narcotics distribution networks
shell companies · front businesses · bribery · tax evasion · fraud · racketeering · price fixing · counterfeiting · encrypted communications · no-knock raid · market manipulation · extortion · forged documents · fake IDs · pyramid schemes · black markets · money laundering · dirty money