Informal Hawala Remittance System Huge, Competitive, and Dangerous

ACORN International Remittances

New Orleans Yesterday on the ACORN International website (, we released the third of our investigative, research reports in connection with our Remittance Justice Campaign.  The bottom line is that the amounts of informal transfers are huge and underestimated.  They are wildly cheaper by many orders of magnitude (0.25% to 1.25% compared to World Bank …

Continue Reading