tHe iNTeL GirL

an oasis of intelligence in a desert of fools

let’s hope this hasn’t gone overlooked

Posted by theintelgirl on May 3, 2006

Ohio Doctor Pleads Guilty to Illegally Transferring Money to Iran 

According to the ICE, further investigation uncovered a "hawala" scheme used by Anvari-Hamedani to transfer $169,000 to Iran. The ICE says "hawalas" are a form of alternative money-transmitting business common in many Middle Eastern and African countries. The funds can be transferred between parties based on ties of kinship and individual trust, without using an immediate physical or electronic transfer of funds.

Money changers, also known as "hawaladars," physically receive cash or funds in one country. Hawaladars in another country then dispense an identical amount (minus fees or commissions) to a recipient or designated recipient bank account. These transactions could be exploited by terrorist groups or other criminal organizations to move large suns of money across international borders undetected.

I hope the Toledo, OH police department is aware that in "hawala schemes," that their investigation is NOT over with the arrest of Hamedani.  They need to find the U.S. based hawaladar that that Hamedani was using!  No paperwork, no formal structure, Good Luck!  But hawaladars never have just one customer.  

Here's a good paper on the Hawala money transfers, but allow me to provide a distilled version.   

  1. A guy in the United Arab Emirates wants to send money to his "friend" in Iraq, but does not want to do it through formal banking or transfers.
  2. He asks his friends for the names of some local "hawaladars" in the UAE.
  3. Takes his big stash of cash to the hawaladar in the UAE
  4. The hawaladar takes the money, records nothing, no receipts, anything.
  5. The hawaladar then contacts a counterpart hawaladar in Iraq (not sure how he "contacts" them though).
  6. Says to the Iraqi hawaladar, "deliver X dollars to Hamed of Baghdad (or whomever)."
  7. The Iraqi hawaladar contacts Hamed of Baghdad and gives him the X dollars.
  8. NOTE** No money ever is exchanged between the hawaladars.  The Iraqi hawaladar will contact the same UAE hawaladar the next time, making it all even-steven. 

Toledo's Hamedani had to find the name of the hawaladar somewhere. And something tells me that the hawaladar's banking practices are not PATRIOT ACT compliant. 

Advertisements

One Response to “let’s hope this hasn’t gone overlooked”

  1. If past actions are to be studied; the most common method used to transfer money b these people has been either direct deposit – using “clean” Identities or plain old western union.
    The feds dont like many of the other money transfer firms because they cant track them – ICE’s report in a way is being pushed by IRS which has long wanted to along with the treasury department to get a grip on informal money transfer agents- so when thwy retire its good item on the resume for chase, BA, and well fargo – that they screwed up the little guys.
    Many of the smaller fund transfers agents be they islamic and or migrant worker base have lower or fewer charges than large corporations, its more tax and protect big business thing.
    mkc

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: