Smurfing i guess

[santosg]

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?

 

[troubled soul]

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

 

[burden]

WTF is that about?

It's a simple way of avoiding banking rules not more not‌ less.

 

[Martin Everson]

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