Copyright protected content copied from PhoneWorld website. Hawala, one of the oldest informal money transfer systems built on trust and word-of-mouth, has picked up some very modern tools. A joint report from the Financial Action Task Force (FATF) and the OECD finds that digital hawala networks are now running on stablecoins, encrypted messaging apps, and fintech payment rails, making old-style illicit finance. .. The post Hawala Networks Are Going Digital and Regulators Are Struggling to Keep Up appeared first on PhoneWorld.
Hawala Networks Are Going Digital and Regulators Are Struggling to Keep Up
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