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Politics : New FADG. -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (805)	5/23/2007 7:47:55 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 4152

The reason is usually, the person at the other end wants to move "unaccounted money" out of the country. Yep.. it has to be a pretty lucrative business, so long as you can line up enough counter-parties on either end of the transaction, each trying to avoid reporting regulations (or the physical burden of actually moving the money between countries). Now I'm not sure if they "invented" Hawala, but apparently exacty these types of monetary transfers were developed by the Knight Templars as the first "banks" in Western civilization. It's what made their sect so incredibly powerful as they needed a means of transferring wealth gained from their enterprises in the Holy Land back to Europe, and of course, the Crusading Kings needed a means of bringing their wealth with them to fund their wars. Hawk