smurf

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smurf

(smɚf)
1. n. someone who “cleans” ill-gotten money by buying cashier’s checks at banks and shifting funds from place to place, often in small transactions. (see also greenwash, launder.) I think the guy at the first window is a smurf. He’s in here twice a week with $9,500 in cash each time.
2. tv. & in. to shift illicit money from place to place to conceal its origin, often in small transactions. (Underworld.) I smurfed a fortune for a famous drug kingpin and got fourteen years up the river—with some very interesting people.

smurfed

(smɚft)
mod. having to do with a bank that has been used to launder money. (see also smurf.) The teller came slowly into the office. “I think we were smurfed,” she said.
See also: smurf
References in periodicals archive ?
In 2013, police got a tip-off that Hameed was involved in a huge cashlaundering operation known as cuckoo smurfing.
100) See Leyva, supra note 9, at 64 (postulating the growth of digital value smurfing concurrent with the growth of mobile payments, because of the unchecked, limitless number of accounts accessible to criminals through m-payments).
Thus controls on large cash transactions led holders of hot money to divide it into multiple deposits below the threshold - so-called smurfing - which meant smaller transactions had to be scrutinized too.
She'd been allegedly smurfing - the underworld slang for cash laundering.
The training covers suspicious activity reporting, smurfing, layering, placement, integration, structuring, FATF typologies, correspondent banking, shell companies, Know Your Customer (KYC), customer identification, Customer Due Diligence (CDD), red flags, hawala, risk management, conducting investigations and audits, and more.
A related bill, House Bill 5090, which was authored by state Representative Aric Nesbitt, classifies smurfing as a felony offense.
YOU may have spotted this hilarious band of intrepid travellers if you've recently been smurfing the internet.
Reserves: Borna Taylon, Ding Dong Daddy, Easy As Life, Kernhow Star, Lowerback Bullet, Nyla Birdie, Ruben Red, Smurfing Melody, Tirmaquin Driver, Torch.
Race 4) SMURFING SHADOW is well boxed tonight and with a clear run can go close .
It provides protection from Denial of service (DoS) attacks such as SYN flooding, IP smurfing, LAND, ping of Death, and all reassembly attacks.
According to authorities, some of the mechanisms used by organized crime to launder money include the use of front companies, parking lots, travel agencies, remittances, the import and export of goods, cargo transportation and smurfing operations.
31 (480m hcap): Smurfing Melody (8), Coolcholly Rock (6), Tursdale Flashie (4), Sunridge Reece (4), Hariandlia (1), Contact Mavis (scr).
The region has, for instance, experienced numerous cases of smurfing, said Cam Ronald, executive director of the New Zealand-based Pacific Chiefs of Police Association--depositing cash at institutions in amounts less that the amount that must be reported to government, and subsequently transferring them to a central account--and some Pacific financial centres, (such as the Cook Islands), still allow asset protection trusts to contain "flee clauses" that allow owners to remain unidentified.
Pseudoephedrine, although now more difficult to acquire in bulk, remains accessible via two routes, known as "inter- state smurfing" and "group smurfing.
Yesterday, they released the double A-sided single I've Got A Little Puppy (inspired by Technoheads' I Wanna Be A Hippy) and Our Smurfing Party - originally Saturday Night by Whigfield.