A Pakistani bank may see a normal Raast transfer.The transaction that explains it may have started in Muscat. FATF’s Oman case shows how a legitimate domestic payment can sit inside a wider hawala arrangement without Raast itself being compromised. That changes the compliance question. Banks cannot rely only on transaction value or one isolated payment. They need to examine customer behaviour, linked accounts and unusual transfer patterns. The harder problem appears when one bank sees only one leg of the chain while foreign investigators hold the information that gives the payment meaning. I examine how Pakistani banks can improve Raast … Continue reading Pakistan’s Banks May Be Missing the Real Hawala Trail