HAWALA

hawala

(noun) an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction; “terrorists make extensive use of hawala”

Source: WordNet® 3.1

Etymology

Noun

hawala (uncountable)

A long-established informal system of money transfer from India and the Middle East, still in use by migrant workers.

Anagrams

• Halawa, halawa

Source: Wiktionary

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