hawala

How To Use hawala In A Sentence

• In the hawala system, which requires complete trust, a money broker collects funds at one end of the operation in a country, while another broker in another country, often from the same clan, distributes the funds at the other end.
• “Operation Green Quest is focusing on the informal, largely paperless form of money exchange known as hawala, which is Arabic for ‘to change.’” 06/28/2006
• * The main way to get cash out of Dubai is something called hawala, an informal network of secret money-transfer agents all over the world that circumvents the global banking system. The Shadow Market
• U.S. aid and a crackdown on invisible hawala money transfers lifted Pakistan's economy.
• To move large sums of money, they can avoid the banking system by using hawala money movers or couriers.
• Mohammad Younis, 44, was indicted on charges of operating an unlicensed money transfer business known as a hawala, an informal network popular in South Asia and the Middle East. N.Y. man helped get funds to attempted Times Square bomber, officials say
• Mohammad Younis, 44, was indicted on charges of operating an unlicensed money transfer business known as a hawala, an informal funds network popular in South Asia and the Middle East. N.Y. man helped get funds to attempted Times Square bomber, officials say
• Much of the funding came through a black-market banking system called hawala, which is common throughout the Middle East and South Asia. The Hidden Finances of Insurgency | ATTACKERMAN
• In the hawala system, funds are transferred by customers to a hawala operator, or "hawaladar," in the United States, and corresponding funds, less any fees, are disbursed to recipients in another country by hawaladar associates in that location. Media Newswire
• The hawaladar then contacts a hawaladar in Country B and tells him to deliver the cash to a person in Country B. The Shadow Market