Sentence examples for money transfer network from inspiring English sources

The Fed's money transfer network -- the central nervous system of the financial markets -- operated normally, Mr. McDonough said.

In some cases, the contributions were returned as cash payments through what the government called "an underground money transfer network" involving businesses in and around Los Angeles's jewelry district, the government said.

Achex, whose systems permit customers to pay for goods online with their checking accounts, is the latest deal this year by First Data, which also took a majority stake in the electronic money transfer network NYCE.

Federal investigators believe money was channelled through an underground money transfer network – known as hawala – but they have said they doubt that anyone in the US who provided money knew what it was for.

The First Data Corporation, a company that processes electronic payments, said yesterday that it had agreed to take a majority stake in the NYCE Corporation, a money transfer network, to expand its automated teller machine network services business.

Three men in California were charged with taking part in the money transfer network: Yaacov Zeivald, 43, a professional scribe from Valley Village, Calif.; Yosef N. Naiman, 55, a tour company owner from Los Angeles; and Alan Friedman, 43, a businessman, also from Los Angeles.

Similarly, "unbundled" banks won't go away overnight; there's still a lot of value in the intra-bank money transfer networks and the depository role that banks are uniquely allowed to play in the U.S. economy.

Globally, there is increasing interest in the potential for multipurpose (unconditional) cash transfer programming with the aim of increasing effectiveness and efficiency of humanitarian assistance, but there is well-founded hesitation or resistance to using informal money transfer networks where there are risks of terrorism financing and money laundering.

In November, President Bush froze the funds and cut the satellite links of Al Barakaat, the country's biggest employer, saying its money-transfer network helped terrorists.

At one point, Berhe found himself explaining the fundamentals of the hawala system an untraceable money-transfer network built on trust between distant brokers to a prosecutor who had spent years investigating smugglers whose business depends on it.

"Treasury's War" chronicles an array of the department's enforcement efforts, from corralling informal Middle Eastern money-transfer networks useful to Al Qaeda to tracking Saddam's missing millions.