Originally Posted by
Yaatri
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.
Indeed, hence the reference to "grey market". That said, Hawala agents take lower commissions than banks, are open 24/7 unlike banks and never ask you for more information than you are comfortable providing.
My only comment here is that Hawala is not for the faint of heart. But then again, anyone dealing with $100k+ cash transactions probably isn't very fainthearted to begin with!