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Definition

Smurfing Definition

Smurfing, also known as structuring, is an illegal financial practice where individuals or organizations break down large financial transactions into smaller, less suspicious ones to avoid detection and scrutiny. This technique is commonly employed in money laundering schemes to bypass regulatory reporting thresholds and conceal the origin of illicit funds. Smurfing involves making multiple deposits or withdrawals below the reporting limit set by financial institutions, aiming to avoid arousing suspicion and bypassing anti-money laundering measures.

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The Most Thorough Online Workplace Training On The Market
The Most Thorough Online Workplace Training On The Market
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The Most Thorough Online Workplace Training On The Market
The Most Thorough Online Workplace Training On The Market
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The Most Thorough Online Workplace Training On The Market
The Most Thorough Online Workplace Training On The Market
Learn more
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