It's called Hawala, and it's incredibly important for terrorist financing.
https://en.wikipedia.org/wiki/Hawala
Never, ever work for Indians. I can confirm the rampant nepotism they practice, even if it's subconscious. They'd much rather promote Pajeet who minds his caste position and doesn't ever speak up than Mike who is ambitious, driven, and not afraid to offer his professional opinion.
[–] 19482647? ago
Kinda but what I read about was at the street shitter level. When a basic transaction was $2 or less and money could go all over the place over borders etc.