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What do you infer by the term Hawala transactions?

Asked on by | Votes 0 | Views: 21 | Tags: banking financial awareness     | financial awareness     | Add Bounty

What do you infer by the term Hawala transactions?


1). Transferring money through cash.
2). Transferring money between different banks
3). Transferring money through computer
4). Transferring money without money movement


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1 answers

1 vote
Answered by on | Votes 1 |
  • Hawala is a method of money transfer without any actual money moving or ‘money transfer without money movement’.
  • This method exists outside of any traditional banking systems and is conducted by hawala brokers or dealers.

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