Smurfing

Money laundering.

Smurfing is a money laundering activity which aims to disguise the illegal origins of large amounts of cash by making many smaller individual deposits into a legitimate financial institution.

Instances

"Other instances [of money laundering] include structuring or 'smurfing' large amounts of cash into smaller deposits and then withdrawing them as legitimate funds."

The Treasurer, August 2018, p36.

See also

• Integration
• Layering
• Money laundering
• Placement