Informal Funds Transfer Systems: An Analysis of the Informal by Mohammed El Qorchi,Samuel Munzele Maimbo,John F. Wilson

By Mohammed El Qorchi,Samuel Munzele Maimbo,John F. Wilson

because the terrorist assaults of September eleven, 2001, there was elevated public curiosity in casual cash move (IFT) structures. This paper examines the casual hawala approach, an IFT method came across predominantly within the heart East and South Asia. The paper examines the old and socioeconomic context in which the hawala has advanced, the operational positive factors that make it prone to capability monetary abuse, the monetary and financial implications for hawala-remitting and hawala-recipient international locations, and present regulatory and supervisory responses.

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Informal Funds Transfer Systems: An Analysis of the Informal Hawala System (IMF's Occasional Papers)

Because the terrorist assaults of September eleven, 2001, there was elevated public curiosity in casual money move (IFT) structures. This paper examines the casual hawala process, an IFT procedure chanced on predominantly within the heart East and South Asia. The paper examines the old and socioeconomic context in which the hawala has advanced, the operational positive factors that make it at risk of capability monetary abuse, the monetary and fiscal implications for hawala-remitting and hawala-recipient nations, and present regulatory and supervisory responses.

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