Millions of people around the world do not have access to formal banking or means of transferring money across borders. A popular substitute is the “Hawala House,” an efficient and informal alternative money exchange system. In this episode, we explore this ancient form of banking that operates “off the books.” But while Hawala Houses boast a deeply trusted and reliable network of brokers, they also provide a secure way of financing illicit activities such as terrorism.

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About the Author
John is a graduate student in International Affairs at The George Washington University and serves as the Director of Public Relations for Matters of State. Originally from Central Texas, John earned a B.A. in linguistics from the University of Texas at Austin. He lived in South Korea for nearly three years, teaching English on Jeju Island before studying Korean in Seoul. John’s academic and professional interests are international security and East Asian affairs.