Talk:Hawala

Review of Douglas Farah book
In the 10 February 2005 edition of the New York Review of Books, Patrick Radden Keefe reviews Douglas Farah's Blood from Stones: The Secret Financial Network of Terror (Broadway Books, 2004) [ISBN 0767915623], and provides an interesting overview of, among other things, Farah's attempts to pursuade the CIA of the function of hawala, and the agency's resistence to investigating the network. --SilasM 02:58, 30 Jan 2005 (UTC)

the origin of the word
the word is of an Arabic origin

the word "HAWALA" (n) originated from the verb (most arabic words originates from verbs) "HAWWALA" (v); which means "transfer" or "divert" and thus "Hawala" means "transfer " (n)--Rawand 14:37, 23 Mar 2005 (UTC)

Question
If, as I understand is the case, this is often used to send money to one's family in a different country, and being that there are particular countries that receive the money, and other countries that export the money, what happens when eventually the broker in the receiving country is very low on cash? It seems that the system would work very well if there was a near equal quantity of money crossing the borders in both directions. But, as it appears that the system works pretty darn well and has been for quite some time, there must be more to it.Isaac Crumm 23:50, 22 January 2007 (UTC)
 * Hawala dealers seem to settle accounts in a variety of ways, including transfer of physical goods and use of formal financial institutions. —Preceding unsigned comment added by 212.35.31.33 (talk) 22:43, 1 August 2008 (UTC)

Illegality in the US?
The article claims this financial system is illegal in some parts of the USA, but fails to provide a reference for the claim. Adding a "citation needed" tag. WeedWhacker 06:51, 5 March 2007 (UTC)

The Hawala Alternative Remittance System and its Role in Money Laundering

United States Department of the Treasury Financial Crimes Enforcement Network (FinCEN)



“Even though hawala is illegal from a regulatory standpoint in some U.S. jurisdictions, hawaladars advertise their services widely in a variety of media (ethnic newspapers have been the traditional place to find them, now some are using the Internet). Enforcement of these regulation is difficult with respect to hawala. The advertisements are often printed in foreign languages, and wording like .sweet rupee deals. does not necessarily suggest remittance services. Moreover, businesses like Yasmeen.s do not conduct remittances as their primary activity.

In South Asia, the situation is more complicated. Many South Asian nations (such as India and Pakistan) have laws that prohibit speculation in the local currency, prohibit foreign exchange transactions at anything other than the official rate of exchange, and impose strict licensing requirements on money remitters and foreign exchange dealers. In addition, there are regulations governing inbound and outbound remittances.”

Ralph Couey Stonewall Manor —Preceding unsigned comment added by 149.101.1.122 (talk) 14:26, 23 May 2008 (UTC)

Hawala after September 11, 2001
Far too much WP:UNDUE - most of the section is nothing to do with Hawala and comes from a single source. Vexorg (talk) 20:03, 17 April 2010 (UTC)

Dear users, I cannot insert a citation from my computer at work for some reason. However, under this section, the citation needed for the illegitimate uses of Hawala should be listed as coming from (El Qorchi et al., 2003). If anybody can use this source and properly cite it on this page it'd be great! — Preceding unsigned comment added by 80.110.8.82 (talk) 08:17, 21 August 2015 (UTC)

Worth including a note about Bitcoin?
See the discussion here:

Bitcoin is a kind of electronic Hawala. — Preceding unsigned comment added by 198.134.90.103 (talk) 04:42, 3 June 2011 (UTC)


 * Actually, Ripple (payment protocol) is the better analog. Added a link, but more could be said. Lunokhod (talk) 22:22, 24 April 2014 (UTC)

Biased?
Most articles on currency and means of exchange do not mention it's use for illegal purposes. Would it be worth it to remove or rephrase the title so as not to be biased to the belief that Hawala is used solely (or mainly) for terrorist purposes? 202.175.143.144 (talk) 02:58, 1 October 2013 (UTC)

Great figure.
Not a suggestion, but good article. Well done. 216.145.188.94 (talk) 18:37, 3 October 2022 (UTC)

Hawala payment
Mr.imran khan Nimbahera Rajasthan-312601 Mob.+918829842356 ————————————————————————————————— Mr.Dheeraj Vaidya CFA FRM Mumbai- 400020 Maharashtra ————————————————————————————————— We have approved your complete payment. You will be able to get the payment from today Fakhri Bohra Neemuch 458441 Madhya Pradesh. You will have to pay the full process fee of ₹ 1600500. You will get the payment within 20 days. Yamin Khan Nimbahera 312601 Rajasthan from now onwards Nadeem Anjum will have nothing to do with it and it is mandatory for you to pay this fee on -27/April 2024 ———————— 2409:40D4:100C:6B91:BC29:B61A:C018:9440 (talk) 11:36, 22 April 2024 (UTC)

Knights Templar
should a link to the Knights Templar and the financial services the offered be added to further reading? 202.7.248.241 (talk) 05:37, 2 May 2024 (UTC)