Question about depositing funds for MSc using Hawala-esque system

Debt & Money

Hi everyone,

I’ve been transferred £6,500 by my parents from back home(India) to the UK to pay for my MSc program using a Hawala-esque system. Im working in the UK and earn money and pay all appropriate taxes, however my parents have helped me with the MSc payment. I’m wondering if I can deposit the amount directly into the UK bank account of my university.

My concern is whether this could raise any issues since the money has been transferred into the UK through this method. Has anyone been in a similar situation or can offer advice on whether this would be a problem?

Thanks in advance!

Posted Sep 16, 2024, 6:49 PM UTC

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