hawala

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Klimt
Lexiterian
Posts: 112
Joined: Wed Jul 04, 2007 12:25 pm

hawala

Postby Klimt » Wed Dec 05, 2007 9:01 pm

A system for remitting money, primarily in Islamic societies, in which a financial obligation between two parties is settled by transferring it to a third party, as when money owed by a debtor to a creditor is paid by a person who owes the debtor money. Hawala transactions are usually based on trust and leave no written record.

an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction; "terrorists make extensive use of hawala"
Whoever wants to know something about me - as an artist which alone is significant - they should look attentively at my pictures and there seek to recognise what I am and what I want.

sluggo
Grand Panjandrum
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Joined: Wed Apr 12, 2006 1:58 pm
Location: Carolinia Agrestícia: The Forest Primeval

Postby sluggo » Thu Dec 06, 2007 8:52 pm

What a great idea!

I'm calling the IRS right now. :twisted:
Stop! Murder us not, tonsured rumpots! Knife no one, fink!


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