what is hawala ? Illegal payment system ! #youtubeshorts #shorts

Hawala is an informal, international transfer system that allows individuals to send and receive money without the use of traditional banks or financial institutions. The system is based on trust and relies on a network of hawala brokers, or "hahawaladars," who facilitate the transfer of funds.

Hawala has a long history, dating back to ancient India and the Middle East. It has traditionally been used in regions where traditional banking systems are not well-developed or are unreliable. Today, hawala is still widely used in many parts of the world, particularly in the Middle East, Africa, and South Asia.

One of the main benefits of the hawala system is that it allows for quick and easy money transfers, often at a lower cost than traditional banks. It is also often used to transfer money to countries where traditional banking systems may be more restricted or difficult to access.

However, because it operates outside of traditional financial institutions, hawala has also been linked to money laundering and other illegal activities. As a result, many countries have taken steps to regulate the use of hawala and to ensure that it is not used for illicit purposes.

Overall, the hawala network is an important and widely-used system for transferring money internationally, but it is important to be aware of the potential risks and to use it responsibly. #nextstartup #hawalamoney #illegalmoney #payment

Видео what is hawala ? Illegal payment system ! #youtubeshorts #shorts канала NextStartUp