IVTS

(redirected from Informal value transfer system)
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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
References in periodicals archive ?
They transferred money through exchange shops and illegal hawala, an informal value transfer system operating outside traditional banking, financial and remittance systems," the witness said.
Havala (Arabic: meaning transfer), also known as hundi in India is an informal value transfer system, based on the performance and honour of a huge network of money brokers, originally located in the Middle East, Africa, Asia and the Indian subcontinent.
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.
The terrorist and insurgent financing, money laundering, bulk cash smuggling, abuse of informal value transfer systems and other illicit activities financing criminal activity continue to jeopardize the Pakistan's security and development.
Terrorist and insurgent financing, money laundering, bulk cash smuggling, abuse of informal value transfer systems, and other illicit activities financing criminal activity continue to threaten Afghanistan's security and development.
Terrorist and insurgent financing, money laundering, cash smuggling, informal value transfer systems and other activities designed to finance organised criminal activity continue to pose a serious threat to the security and development of Afghanistan," it said.
21) See NIKOS PASSAS, INFORMAL VALUE TRANSFER SYSTEMS AND CRIMINAL ORGANIZATIONS: A STUDY INTO SO-CALLED UNDERGROUND BANKING NETWORKS (1999), available at http://www.
Laos has a large informal economy and uses informal value transfer systems.
While the majority of workers likely use formal banking mechanisms, many transfers may occur through informal value transfer systems that may pose vulnerabilities for money laundering.
Terrorist and insurgent financing, money laundering, bulk cash smuggling, abuse of informal value transfer systems, and other illicit activities designed to finance organized criminal activity continue to pose serious threats to the security and development of Afghanistan.
Informal value transfer systems, such as hawala, are reportedly used by immigrant populations accustomed to such systems in their home countries and among refugees paying for their travel to Europe/Germany.
Terrorist and insurgent financing, money laundering, cash smuggling, abuse of informal value transfer systems, and other illicit activities designed to finance organized criminal activity continue to pose serious threats to the security and development of Afghanistan.
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