Spain’s hawala network funds ISIS and al-NusraFebruary 1, 2015
Intelligence services and Spanish authorities say that with a network of over 250 hawala dealers, Spain has become a financial center for funding terrorists in Iraq and Syria. Hawala is the traditional Islamic method of transferring value without transferring physical money.
The news daily El País further reports that there are scarcely any controls over hawala businesses in Spain. The majority of the hawala dealers are Pakistani, while many of their customers are Syrian and Moroccan. A hundred Moroccans in Spain have already joined the Islamic State of Iraq and Syria.
Khalid Sheikh Muhammad, the mastermind of 9/11, used hawala agents in Logroño and Barcelona in the early 2000s. And Spain’s hawala system has only grown since then.
Hat tip to Well es bien for sending this over.