Illicit Money and Informal Avenues: Addressing International Hawala Channels
New Issues in Security #1
By Heidi Johnson
April 2007
ISBN: 978-1-896440-52-1
$15.00 CDN (plus S&H)
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This is the first book in the Centre's series "New Issues in Security" It examines hawala, an informal value transfer system that emerged in South Asia centuries ago. Today it continues to be a major conduit for transferring money within and across borders throughout South Asia and now the Middle East, parts of Africa, and various less developed regions. In particular, this book examines Western concerns regarding opaque financial practices, countries with weak anti-money laundering legislation, and the movement and use of assets outside the formal financial sector to finance acts of terrorism. In response to post-11 September security concerns and continuing challenges regarding transnational illicit money flows, this book addresses how to improve financial practices in various regions of the world, and how to cope with the movement of dirty money within and outside the formal financial sector.
Please contact the centre to purchase a copy.