This paper presents the findings analyses and conclusions of a study on the operational characteristics of informal hawala which is used predominantly in the middle east and south asia. Informal funds transfer systems an analysis of the informal hawala system imfs occasional papers book 222 ebook qorchi mohammed el maimbo samuel munzele wilson john f amazonca kindle store. The attraction to the informal funds transfer systems is also likely to be heightened in countries where inefficient banking institutions operate in an environment of financial policies that include foreign exchange controls illegitimate use of the informal hawala system could occur regardless of the level of development of the financial sector. While drawing attention to the legitimate uses of the informal hawala system such as the transfer of migrant labor remittances and humanitarian emergency and relief aid to regions where financial systems are either absent or weak the authors acknowledge the systems vulnerability to criminal activities. Informal funds transfer systems an analysis of the informal hawala system el qorchi mohammed qorchi mohammed el maimbo samuel munzele 9781589062269 books
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