Add Yahoo as a preferred source to see more of our stories on Google. Hawala is an informal payment system used by individuals who wish to make undocumented transactions.Getty Images The use of the ...

Police in India arrested the co-founder of an organization blamed for terrorist attacks across the country. But it was the revelations following the August arrest of Yasin Bhaktal, the alleged head of ...

In the wake of the Sept. 11 terrorist attacks on the United States, attention has drawn to the age-old, secretive and globe-spanning banking system developed in Asia and known as "Hawala" (to change, ...

A man walks into a Dubai currency exchange, intending to send money to Iran. He hands over $50,000 in cash, and provides a name and a location. Hours later, the money reaches a beneficiary in Tehran.

Russian oligarchs have managed to get around financial sanctions by moving money through the informal payment system known as Hawala. It is a move that could be seen as desperate, experts have told ...