bn:03505415n
Noun Concept
Categories: Commercial crimes, Civil asset forfeiture, Articles with short description, Money laundering, Banking terms
EN
structuring  smurfing  anti-structuring law  Smurf  structured
EN
Structuring, also known as smurfing in banking jargon, is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law, such as the United States' Bank Secrecy Act and Internal Revenue Code section 6050I. Wikipedia
English:
version 2
crime
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EN
Structuring, also known as smurfing in banking jargon, is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law, such as the United States' Bank Secrecy Act and Internal Revenue Code section 6050I. Wikipedia
Money laundering technique; redesigning of a large transaction as multiple small transactions to avoid scrutiny Wikidata