hawala

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    Kashmir's hawala scandal

    Kashmir's hawala scandal Frontline investigation has unearthed evidence which suggests that at least two senior members of the All Party Hurriyat Conference (APHC), which is committed to Kashmir's secession from India, have been siphoning off funds. It has been discovered that People's...
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    The Jain hawala case

    The Jain hawala case It’s been a decade (May 3, 1991) since the sensational Jain Hawala corruption case unravelled with raids on the residence, office and farmhouse of ‘‘diary-keeper’’ S.K.Jain. But it’s ironic that even after the main charges have been...
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    Overview of the Hawala Case

    OVERVIEW In the wake of the September 11 terrorist attacks on the USA, attention was drawn to the age-old, secretive, and globe-spanning banking system developed in Asia and known as "Hawala". While not limited to Muslims, it has come to be identified with "Islamic Banking". Islamic Law...
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    SHOCKING FACTS ABOUT HAWALA CASE

    WHY THESE SHOCKING FACTS ABOUT HAWALA CASE ARE BEING CONCEALED FROM YOU? • The Hawala accused politicians claim to be innocent. They say that there are no evidences against them. They say that it is a conspiracy to frame them in this case. If it is true then why are they so scared of an...
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    IS HAWALA LEGAL AND WHAT ARE ITS INDICATORS

    IS HAWALA LEGAL AND WHAT ARE ITS INDICATORS Since hawala is a remittance system, this question really addresses regulations governing remittance services and the circumstances of the remittance. The assumption here, of course, is that these remittances are like Abdul's, and 'legitimate'; the...
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    MONEY MOVEMENTS THROUGH HAWALA

    MONEY MOVEMENTS THROUGH HAWALA In addition to the complex combination of individuals, companies, bureaucrats and governments that contribute funds to bin Laden, U.S. efforts to trace terrorists' money is further puzzled by the fact that many of the financial transactions are done in such a way...
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    HAWALA AND TERRORISM

    HAWALA AND TERRORISM Recent anti-terrorist legislation in the US and the UK allows government agencies to regularly supervise and inspect businesses that are suspected of being a front for the ''Hawala'' banking system,thus making it a crime to smuggle more than $10,000 in cash across USA...
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    ECONOMIC IMPACT OF HAWALA

    ECONOMIC IMPACT OF HAWALA Despite its informality, the hawala system has direct and indirect macro-economic implications— for financial activity as well as for fiscal performance. One aspect is its potential impact on the monetary accounts of countries on either end of...
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    RULES AT HAWALA BROKING

    RULES AT HAWALA Rules of Hawala (Transferring Debt)  If a debtor directs his creditor to collect his debt from the third person, and the creditor accepts the arrangement, the third person will, on completion of all the conditions to be explained later, become the debtor. Thereafter, the...
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    HOW DOES HAWALA WORK?

    HOW DOES HAWALA WORK? Hawala works by transferring money without actually moving it. In fact 'money transfer without money movement' is a definition of hawala that was used, successfully, in a hawala money laundering case. An effective way to understand hawala is by examining a single hawala...
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    WHAT IS HAWALA BROKING ?

    WHAT IS HAWALA BROKING ? Hawala arose out of the gold smuggling operations in South Asia during late 1960s and 1970s, a time when local governments had all but banned gold imports. Smugglers used dhows—originally fishing boats, but later speedboats—to smuggle gold from Middle Eastern ports...
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    HAWALA BROKING

    HAWALA BROKING Among the methods terrorists worldwide use to move money from regions that finance them to target countries some hardly leave any traceable trail. As regulators learned recently, one of the weak points in the payments chain through which illicit funds can enter is a system of...
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