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Europa English European Parliament EP General
19.06.2025
Answers to written questions
Answer for question E-001447/25
EN
E-001447/2025
Answer given by Ms Albuquerque
on behalf of the European Commission
(19.6.2025)
Hawala is an informal, trust-based money transfer system often used for money remittances. It
operates outside traditional banking, without using authorised financial institutions. Under EU
legislation, all operators providing payment services1 must become authorised payment
institutions. This mandates such operators to perform customer due diligence2 and report
suspicious transactions to law en...
Errors and omissions excepted. As of: 19.06.2025