The – execution of financial transactions – within an ethnic group (foreign workers, immigrants, ethnic minorities as Roma), – which lives with largely its own culture and language in the midst of a larger social group. – As has been shown in many countries, this area is extremely susceptible to fraud; a high percentage of depositors even have to accept a total loss of deposits of all kinds. However, reporting and prosecution in the host country is waived in most cases (for a variety of reasons: as has been shown mostly for fear of hostile action by the organized crime, supported by corrupt executives and lawyers of the host country). – See steam room, darkrooming, dingo values, domicile concealment, financial vultures, secret tip, money laundering, money transfer brokers, glamour stocks, hawala, offshore financial centers, pump and dump, rebbes, redlining, remittance services, shadow banking, schmooze, underground banking, tangibility, exchange houses, angle brokers. – Cf. BaFin Annual Report 2003, pp. 71 ff., ECB Monthly Report of February 2007, pp. 95 ff. (migrant payments; definitions; overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/