I was reading somewhere online where it said that if bank accounts were to be opened for a smurf without the smurf knowing such accounts are under their name, how then would the smurf or other party benefit from this then? What would they mean by this smurfing then? Can someone please tell me what theyre referring to?
Smurfing i guess
- Thread starter santosg
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simple word "splitting large transactions into small transactions"
Multiple bank , Multiple Friend-Family account.
https://sanctionscanner.com/blog/understanding-the-cuckoo-smurfing-technique-in-money-laundering-203
Multiple bank , Multiple Friend-Family account.
https://sanctionscanner.com/blog/understanding-the-cuckoo-smurfing-technique-in-money-laundering-203
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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