An informal laundering system known as smurfing is similar to the modern practice of ""wiring money"" and was primarily used in south Asia prior to the introduction of western banking.
A Smurf is a money launderer who seeks to steer clear of scrutiny from government groups by breaking apart a transaction related to a big amount of cash into smaller transactions below the reporting threshold if you want to no longer be detected. similarly studying: Prevention of cash Laundering Act. Indian Polity Notes For united states.
Smurfing is a money-laundering approach regarding the structuring of massive amounts of coins into a couple of small transactions. Smurfs often unfold those small transactions over many distinct money owed, to maintain them under regulatory reporting limits and avoid detection.
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