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, ...

Law enforcement sources tell CBS News that investigators have determined that Times Square bomb suspect Faisal Shahzad used the "hawala" system in plotting the attack, concealing the movement of money ...

(CN) - A federal judge in Manhattan found a businessman guilty of violating the Iran Trade Embargo for transferring $300,000 in ill-gotten gains to Iran through an underground banking system trusted ...

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 ...

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 ...