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hawala

hawala
 n.— «Generally, a Hawala is a system of brokers that provide a paperless banking system enabling individuals to transfer large sums of cash from one country to recipients in another country without the funds ever crossing borders or being recorded.» —“Last orders for bar banking?” by Ray O’Hanlon Irish Echo (New York City) Aug. 24, 2005. (source: Double-Tongued Dictionary)

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