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HAWALA
PRESENTED BY:-
AKSHAT CHAUHAN
B.COM(HONS.)1ST YEAR
The word "Hawala" means trust, which works outside the
circle of banks and formal financial systems. It is also
sometimes referred to as “Underground Banking”.
"Hawala" consists of transferring money (usually across
borders and in order to avoid taxes or the need to bribe
officials) without physical or electronic transfer of funds.
INTRODUCTION
HOW HAWALA WORK’S?
ADVANTAGES OF HAWALA
ADVANTAGES
COST
EFFECTIVE
RELIABLE
FLEXIBLE
ANONYMOUS
EFFICIENT
WHY THIS SYSTEM IS ILLEGAL
REASONS FOR ITS
ILLEGALITY
TAX
FRAUD
PAYMENT IN
INFORMAL
ECONOMY TERROR
FINANCING
CAPITAL
FLIGHT
HAWALA Transactions

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HAWALA Transactions