Preventing giving and receiving bribes

Another deputy minister has been arrested and prosecuted for bribery. High-ranking officials falling into legal trouble has gradually become a normal thing in society: doing wrong will result in sanctions, causing damage will require compensation.

It is worth mentioning that all exposed cases of bribery by officials always record the presence of huge amounts of cash, sometimes up to millions of US dollars.

It is not difficult to understand why corrupt officials prefer cash: the circulation of cash does not leave traces like the circulation of money through bank accounts; authorities have no effective way to determine which hands the cash has passed through and which subjects it is currently held by.

Therefore, one of the measures to prevent corruption, meaning to make corruption impossible, advocated by developed countries is to limit cash transactions outside of safes of banks and state treasuries.

Small, petty transactions can be paid in cash. But large transactions must definitely be paid through a bank account.

Payments through banks in the case of large value transactions are guaranteed by strong sanctions, even criminal in nature.

However, restricting the use of cash in transactions and replacing it with the development and popularization of non-cash payment services alone is not enough to effectively prevent corruption, tax evasion and money laundering.

Experience from countries with developed economies and stable security and social order shows that it is important to make money flows transparent at all times and in all places.

Specifically, it is necessary to make mandatory regulations to clarify the origin of cash deposited in bank accounts once this amount exceeds a certain level, making depositing money in the bank an abnormal cash transfer.

This provision is reasonable in the context that non-cash payments are mandatory in cases where the transaction value reaches a certain level or more: it is not excluded that due to the inability to pay in cash for large-value transactions, people cope by depositing cash in the bank to then make the payment.

In addition, it should be stipulated that in cases where a transfer has the effect of transferring an amount of money from a certain level or more or transferring multiple times to one person and the total value of the transfers within a short period of time (1 day, 1 week, 2 weeks...) reaches a certain level or more, there must be proof of the reason for the transfer.

This provision is intended to prevent the transfer of money for the purpose of bribery or illegal transaction payments.

By doing so, cash transactions are reduced, and the space in which illicit money can be laundered is also reduced.