Smurfing, also known as structuring, is a common technique in money laundering. It involves breaking down large amounts of illicit money into smaller, less conspicuous sums that are then deposited into various accounts or used to purchase financial instruments.
These transactions are often designed to avoid detection by regulatory authorities, particularly to stay below the reporting threshold mandated by financial institutions, typically $10,000 in the U.S. The process begins with the “smurfs”—individuals who make these small deposits or purchases, often on behalf of a […]
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