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IVTS
(redirected from Informal value transfer system)

   Also found in: Wikipedia 0.02 sec.
AcronymDefinition
IVTSInformal Value Transfer System (money transfer)
IVTSInternational Video Teleconferencing Service
IVTSIn Vitro Toxicology Society (UK)
IVTSImproved Vehicle Tracking System (US Army)
IVTSInteractive Videodisc Training System


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Because cash is the mainstay of the drugs trade, traffickers make extensive use of money transmission agents, cash smuggling, and informal value transfer systems (underground banking) to remove cash from the UK," it says.
Informal Value Transfer Systems Informal value transfer and alternative remittance systems play a significant role in terrorism financing.
[ILLUSTRATION OMITTED] How Hawala Works Hawala comprises one type of the informal value transfer system (IVTS) used mostly by members of an ethnic community to send money around the world.
 
 
 
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