Alenova, Marzhan; Utaliyeva, Assem; Yi, Ki-jun - In: The Journal of finance and data science : JFDS 10 (2024), pp. 1-17
Hawala, a traditional but informal money transfer system, has been prevalent in many parts of the world, such as money laundering. Despite the regulatory actions taken by financial institutions, Hawala is still a key node in terror financing schemes and its extent of misuse is unknown. Due to...