Digitalization and the risks of expanding shadow economic activities in Russia

The introduction of digital technologies has become one of the leading trends in the activities of various economic entities, including institutions of the financial sector, primarily commercial banks. Along with the benefits of digitalization, the emergence of new risks associated with the peculiarities of the use of digital technologies is becoming obvious. One of which can be considered a possible expansion of the scale and negative manifestations of shadow economic activity. Based on the analysis of statistical information and expert assessments, the main directions of digitalization, which may be associated with the risks of shadow economy, have been identified. Their active development requires the adoption of such measures as developing the work on improving the financial literacy of target groups of the population using social advertising media and an emphasis on the rules for using online channels, digital financial instruments; strengthening the protection of the software in the efficiency of the application of protective measures; increasing the validity of regulatory regulation of the risks of financial transactions using digital technologies; developing and increasing the efficiency of interdepartmental interaction in identifying and suppressing cases of using digital technologies for carrying out illegal activities.