What is smurfing?

Smurfing is a money-laundering technique that involves the structuring of large amounts of cash into multiple small transactions. This is done in order to conceal the source of the money. A Smurf is a money launderer who seeks to evade scrutiny from government agencies by breaking up a transaction involving a large amount of money into smaller transactions below the reporting threshold so that it will not be detected.

Further Reading:

Leave a Comment

Your Mobile number and Email id will not be published. Required fields are marked *