Hawala is an underground payment system that lets users make undocumented transactions. It has been linked to terrorist financing but is also used for legitimate purposes. Experts say oligarchs using ...

Experts have told Insider that using Hawala does not necessarily suggest illicit transactions. But oligarchs know of this system – based on trust – as this is how Putin operates, one expert says.

Kannada actress Ranya Rao, who was arrested in connection with a high-profile gold smuggling case, has admitted to transferring money through hawala channels for purchasing gold. Her statement came ...

Add the ancient money-exchange method of hawala to the newfangled notions of bitcoin and other cryptocurrencies – courtesy of recent local courtroom drama. Hawala dates back to Silk Road merchants ...

BENGALURU: Jeweller Sahil Sakaria Jain, originally from Ballari and now residing in Cubbonpet, is suspected of aiding actor Ranya Rao, the prime accused in a gold smuggling case, in selling 49kg of ...

Pakistan's economy is increasingly dominated by a sophisticated, unregulated underground sector, driven by the irrationality ...

Cryptocurrency money laundering is fuelling a new generation of hawala transactions and global Ponzi schemes, exemplified by ...

New Delhi [India], Dec 4 (ANI): The Income Tax (IT) Department has found that Know-Your-Customer (KYC) of lockers in the Rs 25-crore hawala racket in Chandni Chowk was not done. Revealing that “IT ...

Hawala To Crypto, Pak's Underground Economy Thrives Sans Any Scrutiny. New Delhi, Dec 13 (IANS) Pakistan is at a dangerous ...

The report exposes a vast network involving drug trafficking, hawala transactions, and alleged political links.

The use of the informal Hawala payment system by oligarchs could be seen as a desperate move. Experts have told Insider that using Hawala does not necessarily suggest illicit transactions. But ...