These rules force banks to verify identities, monitor transactions, and report anything suspicious to authorities. Hawala, on the other hand, operates entirely off the grid. There are no records ...

Hawala is a traditional system of transferring money or valuables without physically moving them. With the rise of ...

The incident of a car being found in Ramanguli forests near Ankola in the last week of January 2025 has turned out to be a ...

and how the methods by which hawala transactions are conducted make it an ideal way to move assets to and within locations where a formal financial sector has not yet developed. In addition to its ...

in carrying out large financial transactions. This included the withdrawal of approximately Rs 14.84 crore and which was then laundered to Mumbai via hawala networks under Bhagad's instructions.

accepting 10% of the transaction value in his bank account or via Google Pay, while 90% of the money was received through hawala transactions,” Bhullar said. “The police have obtained Channa ...