Black Money


DEFINITION of 'Black Money'

Money which is earned through any illegal activity controlled by country regulations. Black money proceeds are usually received in cash from underground economic activity and, as such, is not taxed. Recipients of black money must hide it, spend it only in the underground economy, or attempt to give it the appearance of legitimacy through money laundering.


Possible sources of black money include drug trafficking, weapons trading, terrorism, prostitution, selling counterfeit or stolen goods and selling pirated versions of copyrighted items such as software and musical recordings. Black Money is also the name of a television series hosted by Lowell Bergman that explores the secret world of bribery in international business.

  1. Racketeering

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  2. Money Laundering

    Money laundering is the process of creating the appearance that ...
  3. Black Market

    Economic activity that takes place outside government-sanctioned ...
  4. Gray Market

    An unofficial market where securities are traded. Gray (or “grey”) ...
  5. Black Economy

    The segment of a country's economic activity that is derived ...
  6. Whistleblower

    Anyone who has and reports insider knowledge of illegal activities ...
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