Skip to main content
Monday, November 9, 2026Nov 9

Hawalas trouble US anti-terror probes

DAVID B. CARUSO

Associated Press Writer

NEW YORK – Long before there was MoneyGram and Western Union, people in South Asian countries often used an informal network of brokers, called a “hawala,” to transfer money over long distances when it was too inconvenient or dangerous to send cash by courier.

Today, the centuries-old system still exists and is used to move billions of dollars annually in and out of countries like Pakistan, Afghanistan and Somalia – often to the chagrin of U.S. law enforcement.

A federal law enforcement official told The Associated Press that terror suspect Faisal Shahzad is believed to have tapped into such a network to help fund a plot to detonate a car bomb in Times Square on May 1. The official spoke on condition of anonymity because the investigation is ongoing.