In the Netherland they want to introduce a new law where every transaction above 100EUR will be reported, yes 100EUR!
https://www.rtlnieuws.nl/nieuws/pol...sen-banken-nieuwe-witwas-wet-minister-kabinet
Large database
The new law should make it possible for every transfer of 100 euros to be checked by the banks. Those banks work together on this, the data ends up in a large database.
As long as the︄ amount remains below the reported amount nothing will get reported.
You definitely won't get reported︅ received twice 3000 eur from different sources if the level of each of those transactions︆ is below the threshold.
Nevertheless other AML triggers of the bank may come into place︇ when they notice multiple incoming transfers from the same source or suspicious activity. This depends︈ on many paramaters such as if the incoming /outgoing transfers are in line with your︉ past activity etc.
Smurfing is a method that works to transfer money and stay under︊ the radar, just has to be done wisely. Transferring the full amount structured in multiple︋ small amounts from the same account to the same account on the same day is︌ not wise. Use different sending/receiving accounts, stay below the reporting threshold and leave some time︍ between the transfers.
https://www.investopedia.com/terms/s/smurf.asp
It seems in the US dividing the amount of the transaction︎ to avoid CTR itself is a crime.
For example, a person might have $50,000 to️ send abroad, which would ordinarily trigger a Currency Transaction Report and call attention to the source of their income. In order to avoid a CTR, that person could have ten accomplices make bank transfers of $5,000 each. Even if the money is legally sourced, the act of dividing the transaction to avoid being reported is itself a crime.
