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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