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One thing I always wondered: is there ever a settlement between Hawala agents? It seems like someone could get so unbalanced that they would need to balance out
by alangibson 5y ago
One thing I always wondered: is there ever a settlement between Hawala agents? It seems like someone could get so unbalanced that they would need to balance out.
- manquer 5y agoHawala can be out of balance within network. A lot of it was used for remittances etc however the agents had other businesses which helped them keep balance, laundering , high risk or payday loans etc outside the hawala system
- spiralx 5y agoApparently money gets laundered internationally by under-invoicing via front companies such as import/export businesses, travel agents or foreign exchange shops. https://www.treasury.gov/resource-center/terrorist-illicit-finance/documents/fincen-hawala-rpt.pdf https://www.treasury.gov/resource-center/terrorist-illicit-f...