Purpose The purpose of this paper is to illustrate threefold how hawala banking poses a problem for Swiss banks implementing anti-money laundering (AML) and anti-terrorist financing (ATF) policies as a fulfilment of Switzerland’s UN commitment. Design/methodology/approach The first author...

Purpose The purpose of this article is to determine how terrorist financiers have continued to exploit hawala banking in German-speaking countries, despite regulations in place to prohibit this. Design/methodology/approach The first author interviewed compliance officers and suspected criminals...

Criminal Money Management (CMM) has received increased attention in recent years, as organised crime projects by criminal organisations apply transnational and global electronic finance to run their operations. The purpose of this article is to present the core topics relevant to our...

Purpose – The purpose of this paper is to study underground banking between Greece and Albania and provide policy makers with specific policy recommendations to reduce hawala, reduce remittances commissions and improve access of banking services to both remittance senders in Greece and...