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Hawala, hysteria and hegemony

Thomas Viles (Berliner, Corcoran & Rowe, Washington, DC, USA)

Journal of Money Laundering Control

ISSN: 1368-5201

Article publication date: 4 January 2008

1131

Abstract

Purpose

The purpose of this paper is to highlight criticism of attempts to impose regulations on hawala and other informal value transfer systems (IVTSs), in light of their importance in the lives of people in the most vulnerable sectors of global society.

Design/methodology/approach

Review of scholarly, public‐policy, and legal literature on hawala and other IVTSs.

Findings

Most attempts to regulate hawala and other IVTSs seem redundant of existing regimes, or, worse, unreasonably punitive when their social utility is considered.

Originality/value

A contribution to the debate on the supposed need to regulate hawala and other IVTSs favored by the poorest and most vulnerable sectors of global society.

Keywords

Citation

Viles, T. (2008), "Hawala, hysteria and hegemony", Journal of Money Laundering Control, Vol. 11 No. 1, pp. 25-33. https://doi.org/10.1108/13685200810844479

Publisher

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Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

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