01740cas a2200265 a 4500 AALejournalIMF012807 230101c9999 xx r poo 0 0eng d 15.00 USD 9781589062269 0251-6365 BD-DhAAL BD-DhAAL El Qorchi, Mohammed. Informal Funds Transfer Systems : An Analysis of the Informal Hawala System / Mohammed El Qorchi, Samuel Maimbo, John Wilson. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (64 pages) Occasional Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Since the terrorist attacks of September 11, 2001, there has been increased public interest in informal funds transfer (IFT) systems. This paper examines the informal hawala system, an IFT system found predominantly in the Middle East and South Asia. The paper examines the historical and socioeconomic context within which the hawala has evolved, the operational features that make it susceptible to potential financial abuse, the fiscal and monetary implications for hawala-remitting and hawala-recipient countries, and current regulatory and supervisory responses. Mode of access: Internet Maimbo, Samuel. Wilson, John. Occasional Papers; Occasional Paper ; No. 2003/004 Full text available on IMF http://elibrary.imf.org/view/books/084/03590-9781589062269-en/03590-9781589062269-en-book.xml IMF e-Library