Kaala is an upcoming Indian Hindi-language crime thriller television series created and directed by Bejoy Nambiar.
It is produced by Bhushan Kumar, Krishan Kumar, and Bejoy Nambiar under the banner of T-Series Films.
The show deals with reverse hawala, a method of money laundering, and stars Avinash Tiwary, Rohan Vinod Mehra, Nivetha Pethuraj, Taher Shabbir, and Hiten Tejwani. The series is scheduled to premiere on Disney+ Hotstar.
The premier of kaala was attended by Shraddha Kapoor, Kartik Aryan, Rajkummar Rao, Pooja Hegde
Reverse hawala is a method of money laundering that involves the transfer of money from one country to another through a network of brokers, without any actual movement of funds across borders.
The settlement of the liability position of the hawaladars that was created by the initial transaction can be done through imports of goods or reverse hawala.
A reverse hawala transaction is often used for investment purposes or to cover travel, medical, or education expenses from a developing country.
In the context of Kaala, it is a method used to turn white money into black money.
The trailer of the show Kaala shows the workings of the parallel economy of black money as white money is turned to black through the process of reverse hawala.
It is illegal to use reverse hawala for money laundering.
The Financial Action Task Force (FATF) has identified hawala and other similar service providers as a significant vulnerability in the global anti-money laundering (AML) and counter-terrorist financing (CFT) framework.
The FATF has also noted that hawala and similar service providers are often used to facilitate money laundering and terrorist financing activities.
In India, the use of hawala for money laundering is punishable under the Prevention of Money Laundering Act (PMLA).
The PMLA defines money laundering as a criminal offense and provides for stringent penalties, including imprisonment and fines, for those found guilty of money laundering.