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 ...

As Washington ratchets up the economic phase of its war with Iran, these informal channels are the regime’s financial lifeline.

Hawala, a system of informal money transfer based on trust that is practiced throughout the Muslim world, has received a large amount of negative attention after 9/11. It has come under considerable ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. An ancient and sophisticated anonymous banking practice is facilitating ...

(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 ...