Islamic terrorists have been known to use less restrictive overseas banks, or informal banking systems known as to smuggle cash

Accounting Nov 26, 2020

Islamic terrorists have been known to use less restrictive overseas banks, or informal banking systems known as to smuggle cash. a. Adab O b. Hawala O c Barzakh O d. Riba

Expert Solution

Hawala.

Hawala is a traditional system of transferring money used in Arab countries and South Asia, whereby the money is paid to an agent who then istructs an associates in the relevent country or area to pay the final recipent.

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