Understand Hawala or Hundi Banking, What makes it Illegal and ways to Identify it.
Most people who have encountered this term Hawala or Hundi may not fully grasp the meaning of it. Nowadays, we link these terms to money laundering or financial crime, however, they have roots in financial history before even the word money laundering was coined. Background The Hawala or Hundi are the same. In this paper,…