Critiques of the Hawala System

Definition:

(hə-wäˈlə; Arabic: حوالة meaning transfe) The modern informal transfer system allows customers to deposit cash in one country and expect a sum of similar value to reach a specified destination within 48 hours, usually 24, no matter how remote the location

Source: Nashville Public Television

 

 

 

Reports and Sources

Global Development Research Center (GDRC): The Hawala System

Centre for Applied South Asian Studies (CASAS): Hawala/ Informal Value Transfer System (IVTS) Networks