Hawala System News Today

Money exchangers on both sides of the Durand Line have bolstered the Afghanistan-Pakistan US dollar cartel by manipulating trade, both actual and forged, accord

Money exchangers on both sides of the Durand Line have bolstered the Afghanistan-Pakistan US dollar cartel by manipulating trade, both actual and forged, accord

The black market flow of U.S. dollars across the Afghanistan-Pakistan border is unifying the two countries’ economic crises. 

Things and unless they make a showing that somehow he was acting improperly or without authority, then hes acting as donalds surrogate and will mat tore the grand jury looking into michael cohen. and here we are getting into where there are records. you cannot move money across borders anymore except for something called the hawala system used in the middle east without a financial trail and the irs agents working for fin sim, the money laundering agency, theyre masterful at finding needles in h...

But al qaeda was a global organization there could be other files in other languages present. they will need to identify those languages, get the appropriate translators and intel analysts to look at the different files maintained. there. >> what about the financial trail? i imagine they are trying to follow the money and figure out who is financing al qaeda? >> following the money has always been ongoing for decades with them. the difficulty is that if they were using the wala system which is a...

A hawala. if shomeone in the u.s. wants t send money to the u.s., they contact a broker and give them money in the process. that broker calls a contact overseas and tells him to pay money out to the person to whom they want the money to go. the overseas transers are made both ways, so the brokers are usually paying out as much as theyre receiving. the system is said to be quick, its easy, unfortunately its also illegal, but investigators say most of the transfers made through the hawala system a...

Cash is intended today these transfers are made in booth directions, so the brokers are usually paying out as much as theyre receiving. the system is ted to be quick, easy, investigators say, though, that most of those transfers through the hawala system are benign, even if they are not all legal. thats one of the real challenges is that it can cause a headache for investigators as they try to trace some of the money to solve a crime. >> and the investigation continues in pakistan. havent there ...

Three men who were in custody on immigrations charges right now, in terms what were hearing about them friends and family of one of the detained men said shes a soft-spoken man, and "the boston globe" said he was very puzzled about his arrest and very scared. what do you make of these suspects? >> these people are suspected of helping to forward money to the hawala system which is very common in that part of the world. its sort of a money transfer system, but so far there hasnt been any accusati...

Just the fruition of the interrogation or interviews of the suspects. it has to do with the fbi or intelligence community going through a process where they just continuously connect dots. they take one bit of information that leads to one person. they go to that person. it blossoms from, based on communication, money movement, all types of thing. easy passes. its just incredible, the process. i mentioned earlier, theres going to be a lot of fruition out of this particular investigation. we were...

>> good afternoon. >> okay. lets get the very latest on the investigation from you, michael. because a lot of times it comes down to the money trail. are authorities hoping that the arrests are going to lead back to shahzads original source of funding? is that expected to be from pakistan? >> well, they are still looking. they expect theyre going to find a direct money trail from the pakistani taliban but they havent yet found it. they did arrest these people yesterday in the northeastern states...