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Old May 7, 2011 | 5:14 pm
  #12  
Yaatri
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Join Date: Jan 2002
Posts: 22,778
Originally Posted by B747-437B
I've found that for large cash transactions ($100k+) you are best served going to a grey-market Hawala agent. You can usually find them by asking around in heavily immigrant areas. Just be careful of counterfeit notes.
Hawala, for me, is worrisome not just on account of possibility of counterfeit notes. Hawala, funds are not transparent. The recipient has no means to show the source of their income, nor do I know what activities might be funded through Hawala.
Fundamentally, it's quite efficient, like Mumabia's Dabbawallahs. Even the EIC, sometimes, relied on Hawala sources to fund its operations.
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