Hawala

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf informal value transfer system
gptkbp:alsoKnownAs hundi
gptkbp:associatedWith money laundering
terrorist financing
gptkbp:characteristic based on trust
operates outside traditional banking system
gptkbp:etymology Arabic word meaning 'transfer' or 'trust'
https://www.w3.org/2000/01/rdf-schema#label Hawala
gptkbp:legalStatus illegal in some countries
legal or unregulated in others
gptkbp:originatedIn gptkb:South_Asia
gptkbp:regulates varies by country
gptkbp:relatedTo informal value transfer system
underground banking
gptkbp:usedFor remittances
money transfer
gptkbp:usedIn gptkb:Middle_East
gptkb:North_Africa
gptkb:Horn_of_Africa
Indian subcontinent
gptkbp:bfsParent gptkb:Huwala
gptkbp:bfsLayer 7