# Hawala (hawala banking)

- Canonical URL: https://www.gerhardmerk.de/hawala-hawala-banking
- Post ID: 594281
- Modified: 2023-07-25T21:01:44+00:00
- Language: en

## Definition

Transport of cash from one place to another by dedicated service providers (hawaladers) outside the regular banking system, usually by - often specially organized - cash messengers. The word "hawala" from the language of Arabic finance means remittance, transfer. - See money laundering, money transfer intermediaries, ghetto banking, home transfers, customer data information obligation, parallel banking, underground banking, Payment Transactions Ordinance, Interest Information Ordinance. - See BaFin's 2004 Annual Report, pp. 80 ff. and the respective BaFin Annual Report, ECB Monthly Report of February 2007, pp. 95 ff. (migrant payments; definitions; overviews). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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