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US cracks down on hawala transactions
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India Abroad
03-19-2004
Non-official money transfer networks - including hawala or hundi that are
still popular in countries like India, Pakistan, and some South Asian
nations - have come under increased scrutiny of the Financial Crimes
Enforcement Network (FinCen) of the US Department of the Treasury since
September 11.
The 9/11 terror attacks brought into sharp focus the ease with which
terrorist financiers and other criminals can use alte...
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