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Bookmark or Share- What Is Hawala? - The BalanceHawala is an informal money transfer system that allows people to send and receive money without physically moving it. Learn how Hawala works and the risks involved.
- Hawala - What it is, History, Why it's PreferredWhat is Hawala? Hawala, originating from an Arabic term for transfer or trust, is an informal method of transferring money without any money physically moving from one place to another.
- Hawala - WikipediaHawala or hewala (Arabic: حِوالة ḥawāla, meaning transfer or sometimes trust), originating in India as havala (Hindi: हवाला), also known as havaleh in Persian, [1] and xawala or xawilaad[2] in Somali, is a popular and informal value transfer system based on the performance and honour of a huge network of money brokers (known as hawaladars).
- FinCEN Issues Report on Informal Value Transfer SystemsThe Financial Crimes Enforcement Network (FinCEN) issued today its report on Informal Value Transfer Systems (IVTS), including hawala, in its ongoing effort to gain a more complete understanding of the nature of these systems.
- What Is Hawala? Money Transfer Without Money MovementHawala is a way to send money informally without the movement of actual currency. Read how hawala works, where it is illegal, and how governments regulate it.
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