QUESTION 1 Hawala is an informal method of transferring money without any physical money actually moving. Interpol's definition of hawala is "money transfer without money movement." Another definition is simply trust." Hawala is used today as an alternative remittance channel that exists outside of traditional banking systems. Transactions between hawala brokers are made without promissory notes because the system is heavily based on trust and the balancing of hawala brokers' books REQUIRED: Determine the background of Hawala and how it has become a major growing concern in terrorism financing and money laundering. You may gather information from journals, industry articles, regulatory guidance and other reliable sources. (25 marks) QUESTION 2 As the Head of Forensic Accounting Services at a major auditing firm, you have been invited to present a keynote address at the International Forensic Accounting Convention 2021. You are currently conducting a research in order to deepen your knowledge of the types of fraud to present a very detailed speech. REQUIRED: Evaluate the following areas in detail: a) Mortgage / Property Fraud b) Procurement Fraud c) Healthcare Fraud d) Advance Fee Schemes e) Methods of detection and prevention for each crime above (Total: 25 marks) (Grand Total: 50 marks) END OF QUESTION PAPER