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Informal Fund Transfer Systems An Analysis of the Informal Hawala System (IMF's
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Informal Fund Transfer Systems An Analysis of the Informal Hawala System (IMF's Occasional Papers) Paperback - 2003

by Mohmmed Qorchi; Samuel Munzele Autmainbo; John F. Wilson


From the publisher

Since the terrorist attacks of September 11, 2001, there has been increased public interest in informal funds transfer (IFT) systems. This paper examines the informal hawala system, an IFT system found predominantly in the Middle East and South Asia. The paper examines the historical and socioeconomic context within which the hawala has evolved, the operational features that make it susceptible to potential financial abuse, the fiscal and monetary implications for hawala-remitting and hawala-recipient countries, and current regulatory and supervisory responses.

First line

Since the September 11, 2001, terrorist attacks in the United States, there has been renewed public interest in informal funds transfer (IFT) systems.

Details

  • Title Informal Fund Transfer Systems An Analysis of the Informal Hawala System (IMF's Occasional Papers)
  • Author Mohmmed Qorchi; Samuel Munzele Autmainbo; John F. Wilson
  • Binding Paperback
  • Language ENG
  • Publisher International Monetary Fund
  • Date June 2003
  • ISBN 9781589062269