Tag: Hawala

The Need For Expert Evaluation In Hawala Cases

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…

What Is The Problem With Hawala?

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…

Hawala Banking Regulation In The UK

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…