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 ...

As Washington ratchets up the economic phase of its war with Iran, these informal channels are the regime’s financial lifeline.

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. An ancient and sophisticated anonymous banking practice is facilitating ...

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, ...

Hawala, a system of informal money transfer based on trust that is practiced throughout the Muslim world, has received a large amount of negative attention after 9/11. It has come under considerable ...

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 ...