Tag: money laundering

HAWALA: GOOD OR BAD?

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

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…

What You Need to Know About Money Laundering

It is essential that businesses are aware of the seriousness with which the authorities regard money laundering – the legislation has been termed “Draconian” and turning a blind eye to any form of criminality these days can present the risk … Read more…

Fraud Briefing Newsletter – Christmas 2009

(This newsletter is circulated in hard copy format around solicitors and baristers throughout the UK) Welcome to the second edition of “Fraud Briefing” this year.  Following positive feedback gratefully received from many of you, I am now planning to publish … Read more…

Confiscation Overview

In the UK, the interpretation of the Proceeds of Crime Act 2002 when using asset confiscation as a weapon in the criminal regulators’ arsenal of sanctions will continue to develop and solidify over time.  However, in recent years it seems … Read more…