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.

Help Protect Employees In The Workplace

Take a step towards creating a safe and equitable workplace by educating your team with EasyLlama today!

The Most Thorough Online Workplace Training On The Market

EasyLlama's comprehensive suite of training solutions designed to help employees and organizations reach their full potential. It includes a wide range of resources such as online training modules, interactive tutorials, simulations, and assessments. The platform is easy to use and provides users with a wide range of tools to help them develop their skills. It also offers personalized learning plans and progress tracking to ensure that users are making progress towards their goals