“Hawala” – a method of money laundering by sending billions of Dollars from Western countries to Third World countries
Today, tens of billions of dollars are being transferred from immigrants that have immigrated from Western countries to developing countries. The transfer of Hawala money has created embarrassment for western intelligence, taxation, trade and financial systems in the many Western countries. The Hawala method, which is based on mutual guarantee and a relationship of trust between money changers and traders, creates a financial mechanism embedded within financial systems – exchange rates, trade and more have managed to support and subsidize