la, or The Bank That Never Was by: Sam Vaknin, Ph.D. I. 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 "Hawa...
Business And Finance business finance hawala money banks banking islamic networks asiaHawala, sometimes referred to as “the bank that never was”, is an alternative remittance system that operates outside of traditional banking channels. It is a method of transferring money without physically moving it, and it is particularly popul...
Business And Finance business finance hawala money banks banking islamic networks asiaII. HAWALA AND TERRORISMRecent 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, makes i...
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