An informal laundering system known as _______ is similar to the modern practice of "wiring money" and was primarily used in South Asia prior to the introduction of Western Banking.

Question

Quizplus · Accepted Answer

Hawala is an informal method of transferring money without any physical money actually moving. It has been used for centuries in South Asia and the Middle East, predating the introduction of Western banking systems in these regions.

An Informal Laundering System Known as _______ Is Similar to the Modern