Warya: Making Deposits in Somali Hawalas

[AbdiWahab252]

Bro, how safe is it to deposit large sums of money in Somali hawalas ? Are some better than others ? I got a nice chunk of change that I need to park somewhere but due to Somali being cut off from the international banking system, I can't transfer it to my bank account. Short of carrying it out in cash or sending it via Hawala to myself and then being flagged for investigation, where can I park it ?

After what happened to QaranExpress, I am wary of hawalas. Is Dahabshiil the safest bet ?

[waryaa]

I'd say transfer it to UAE via hawala. Then you have the option to transfer it to your bank account via wire transfer or open an acc. in Dubai. Remember uncle Sam and other anti money laundering agents will be on your tail as soon as you start transferring large sum of money. It must be justifiable If it is a lot of cash, PM me.. lol

[AbdiWahab252]

Warya,

UAE ain't no cake walk no more I am told. The transactional costs of operating in Somalia are high.

[greenday]

Well hadan meesha ka keente sheegikarin Kala dir lacagta to people in the west and they put into ur bank.

As for xawaalad Dahabshiil, that were my family have their money, heard its safe

[waryaa]

UAE route works - I approve this message If you want to keep it in the country, I'd say put 30% in Dahabshil, 30% in Amal and the rest between some vault in a family owned business and your home.

[ZahraWadani]

Why can't you just wire it to someone's back account ...

[AbdiWahab252]

Warya,

What are the requirements to open an account in the UAE ? I don't trust AMAL, they are Dahabshiil's last remaining major competitor and you know how Dahabshiil's competitors suffer misfortune ?

[Thuganomics]

I don't trust AMAL, they are Dahabshiil's last remaining major competitor and you know how Dahabshiil's competitors suffer misfortune ?

I blame Dahabshiil

[AbdiWahab252]

Thuganomics,

Dahabshil is financing El Nino

[Thuganomics]

Thuganomics,

Dahabshil is financing El Nino

[UlteriorMotive]

I want in on this.

AW holla at me via pm.

Also...people have accounts in Somalia? And these accounts are reliable?

[AbdiWahab252]

Ulterior,

Dahabshil is very reliable. You can deposit or withdraw at any location provided you have a reference if you are drawing from a place outside your home branch. They even give you cheques.

[UlteriorMotive]

Wow

I didn't know that. What are the costs?

Sxb all these hawalas go up and down. At one point Barakat was very reliable.

As we saw recently with the new US regulations...the fortunes of xawala companies lie on weak foundations.

[AbdiWahab252]

Ulterior,

No costs except for $5 to buy the starter cheques. You can withdraw your money from any Dahabshiil worldwide.

I love my 3piano Dahabshiil Crew

[Daff]

I bought a house in 2002 for $20K, and now someone offered me 150K, but I m holding out for more with security setuation improving I believe the price will only go up. how do ppl move that kind money to overseas without atracting attention from big brother?