hawala
- n an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction
terrorists make extensive use of hawala
- And since hawala does not affect the Dubai economy, and it's not a priority for local law enforcement.
- The ISI also vetted new recruits and laundered terrorist funds through the hawala global network of informal money changers.
- They may have employed a system of brokers called hawala, which means "in trust" in Hindi.