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Illegal money transfers: "Hawala Banking": targeting dozens of suspects


TIME ONLINE | News, backgrounds and debates

Dusseldorf (dpa) - In their investigation for illegal million transfers, police and prosecutors in North Rhine-Westphalia dozens of suspects in the sights.

Overall, assets amounting to 212 million euros in the ongoing investigation for so-called hawala banking should be temporarily secured, NRW Interior Minister Herbert Reul (CDU) reported on Wednesday in the state parliament.

The money transferred across Europe is allegedly illegally acquired. Alone with the prosecutor Dusseldorf were already preliminary proceedings on suspicion of band and commercial fraud in connection with the trading of worthless shares against 51 accused, said Reul in the Interior Committee of the NRW state parliament.

In a second investigation on suspicion of forming a criminal organization, a group of offenders suspected that they had operated an organized and commercial money laundering and hawala banking system, ranging from the Ruhr area through the Mannheim area to Rotterdam. The daily turnover in this system is between 700,000 and one million euros, so Reul.

Topic "Hawala Banking" in the NRW Situation Picture Clan Crime of 29.5.2019 page 19

Source: zeit

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