Is Hawala banking legitimate? Why?

Is Hawala banking legitimate? Why? (480-520 words)

Essays must:
Use Times New Roman 12pt. Multiple forms of fonts will be subjected to scrutiny.
Provide three (3) references (excluding the text).
Be your own wording.
Be submitted no earlier than 48 hours before the deadline.
Be independently researched.
One point will be deducted for each violation (please take it seriously).
Must be completely free of grammatical, punctuation and spelling errors.

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