hawala
ha·wala
noun
1.
an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction
- “terrorists make extensive use of hawala”
Origin
Borrowed from Arabic حَوَالَة (ḥawāla, “transfer, trust”).
Related words
Broader terms
WordNet 2.1 (Princeton University). Wiktionary (CC BY-SA). WordNet 2.1 Copyright Princeton University. All rights reserved. Wiktionary content is available under the Creative Commons Attribution-ShareAlike Licence.