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 ...

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 ...

Police in India arrested the co-founder of an organization blamed for terrorist attacks across the country. But it was the revelations following the August arrest of Yasin Bhaktal, the alleged head of ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. An ancient and sophisticated anonymous banking practice is facilitating ...

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 ...

As Washington ratchets up the economic phase of its war with Iran, these informal channels are the regime’s financial ...

Russian oligarchs have managed to get around financial sanctions by moving money through the informal payment system known as Hawala. It is a move that could be seen as desperate, experts have told ...