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1660653
registered interest false more like this
date less than 2023-09-13more like thismore than 2023-09-13
answering body
Foreign, Commonwealth and Development Office more like this
answering dept id 208 more like this
answering dept short name Foreign, Commonwealth and Development Office more like this
answering dept sort name Foreign, Commonwealth and Development Office more like this
hansard heading Armed Conflict: Bank Services more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the reliance upon, and the success of, "hawala" banking systems in conflict zones such as Afghanistan, Yemen, Sudan and Gaza and the Occupied Palestinian Territories; and what steps they have taken to ensure these systems are protected as vital tools for local humanitarian actors and ordinary citizens to safely and securely transfer funds. more like this
tabling member printed
Baroness Bennett of Manor Castle remove filter
uin HL10131 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-09-27more like thismore than 2023-09-27
answer text <p>Money Service Businesses (MSBs), including <em>Hawala</em>, play an important role in conflict zones such as Afghanistan, Yemen, Sudan, Gaza and the Occupied Palestinian Territories. MSBs are often the only way of transmitting money, including remittances, to remote communities where formal banking services are limited. International standards on MSBs are set by the Financial Action Task Force (FATF) which are implemented in full by the UK. Government guidance sets out clearly that hawala banking in the UK is legal and that many are regulated. In some cases, hawala are the only means of transferring funds into high-risk jurisdictions but the risks associated with their use need to be appropriately managed. Overall, we recognise that hawalas are an important tool for tackling poverty and promoting financial inclusion during conflict and humanitarian crises.</p> more like this
answering member printed Lord Ahmad of Wimbledon more like this
question first answered
less than 2023-09-27T15:18:39.473Zmore like thismore than 2023-09-27T15:18:39.473Z
answering member
4210
label Biography information for Lord Ahmad of Wimbledon more like this
tabling member
4719
label Biography information for Baroness Bennett of Manor Castle more like this