Hawala is a Money Service Business, a term coined by the UK Authorities such as HMRC. Hawala is used to transfer money around the world and is part of an “informal value transfer system” that operates alongside, interacting with, conventional High Street Banking. The system is often referred to as “Hawala and Similar Service Providers (HOSSPs)” by the regulators such as the National Crime Agency (NCA).
The Authorities can be quite zealous when confronting persons interacting legitimately with the Hawala system, and often it is necessary to explain how their financial affairs are being conducted, providing an expert explanation of the workings of the system and differentiating between its frequent abuse by money laundering gangs and its popularity with many innocent individuals and companies transacting billions using this method all around the world.
Mark Jenner has provided many expert reports in criminal prosecutions revolving around Hawala Banking, explaining the system to the Courts and how innocent parties are often caught up when others abuse it.
For more than 20 years I have been receiving money laundering instructions on matters involving Hawala … Read More
Hawala has grown out of historic methods for moving money that were being developed long before the establishment of the western banking system … Read More
Hawala is the overused title given to the massively popular global money transfer used by many ethnic communities around the world. Billions are transferred from the West by migrants daily back home, with similar volumes in the opposite direction from … Read more…
As a forensic accountant I have been dealing with cases of money laundering involving some Hawala aspect or another for a number of years. Hawala and Similar Service Providers (HOSSPs) are money transfer businesses that are used extensively in other … Read more…
Almost every forensic accounting case handled by Mark Jenner & Co Limited will involve some money laundering. It is the backbone of every fraud and financial crime that is committed, and very often these days is the predicate offence that … Read more…
Money laundering crops up in most of my forensic accounting assignments. This can range from tracing money stolen by the fraudsters or providing a balanced response for a defendant to a proceeds of crime confiscation. At the other end of … Read more…
Hawala Banking Expert Mark Jenner & Co Limited continues to receive several instructions each year as forensic accountants where the issue of Hawala Banking is central to the matter. In fact, Hawala has become a much overused term, with the … Read more…
Money laundering activity is not restricted to the criminals who are trying to clean up their proceeds of crime so that they can spend it or invest in further criminal activities. Every business and every individual is also just as … Read more…
Hawala Banking is an overused term given to an area of money transmission activity that predates conventional Western style banking. It is responsible for the global movement of funds on a massive scale, measured annually in £100s of billions. Therefore, … Read more…
As forensic accountants with considerable experience in dealing with cases involving Money Service Businesses such as Hawala, we are often faced with the situation where a defendant is accused of money laundering primarily because he is in possession of a … Read more…
A properly established and regulated money transfer business must register with HMRC in order to comply with UK Money Laundering Regulations. This is not a costly exercise but of course brings the business under the scrutiny of the authorities. In … Read more…
Mark Jenner & Co has wide experience of dealing with cases involving Hawala Banking. Therefore, it is able to approach any case where some or all of the transactions subject of the fraud, money laundering or other crimes involve alternative … Read more…
At Mark Jenner & Co a substantial number of cases investigated have involved Hawala transactions at some point. Some of the matters revolved around the system of informal money transfer and some simply involved frauds that were assisted by moving … Read more…
