Add Yahoo as a preferred source to see more of our stories on Google. Hawala is an informal payment system used by individuals who wish to make undocumented transactions.Getty Images The use of the ...

MUMBAI: The Economic Offences Wing (EOW) of the Mumbai police has registered a case against an alleged hawala operator and his shell companies for siphoning off crores of rupees abroad using forged ...

MUMBAI: The special court trying the Torres Jewellery case has remanded Alpesh Khara, the hawala operator arrested in connection with the investment scam, to the custody of the Enforcement Directorate ...

In the fallout of Minnesota's massive welfare fraud schemes, several federal officials have opened investigations into one of the oldest money transfer systems in the world. The Treasury Department, ...

Hawala, a system of informal money transfer based on trust that is practiced throughout the Muslim world, has received a large amount of negative attention after 9/11. It has come under considerable ...

Hawala is an unofficial method of sending money that doesn’t depend on banks or formal financial systems. Instead, it operates through a network of money brokers known as hawaladars, who manage the ...

Law enforcement sources tell CBS News that investigators have determined that Times Square bomb suspect Faisal Shahzad used the "hawala" system in plotting the attack, concealing the movement of money ...