Criminal Misuses of an Informal Money Transfer System: Le système HAWALA dévoyé - Softcover

Debelmas, Jean

Softcover

ISBN 10: 663011471X ISBN 13: 9786630114713

Publisher: Our Knowledge Publishing, 2026

Synopsis

HAWALA is a cultural, clan-based, or ethnic system that was originally rooted in a legitimate practice. It is fast and inexpensive, and the community network also ensures its reliability. In fact, the system has gained significant popularity. However, the lack of specific information on users ensures their anonymity, and the inability to trace funds-due to the transfer of claims alone-has made this practice vulnerable to exploitation by criminal and terrorist organizations. While European anti-money laundering directives provide some guidance, lessons learned from a specific case reveal the areas on which verification efforts should focus, particularly with regard to the broker. Finally, the existing legal framework-though underutilized-calls for the pooling of expertise and authority among different stakeholders operating within an interministerial framework, thereby ensuring success in the fight against this phenomenon.

Edition details

• Publisher: Our Knowledge Publishing
• Publication date: 2026
• Language: English
• ISBN 10: 663011471X
• ISBN 13: 9786630114713
• Binding: Paperback
• Number of pages: 60