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 ?
103) See Leyva, supra note 9, at 64 (outlining the limitless possibilities for smurfing with m-payment accounts and describing the precise possibilities for criminal activity).
Fidelity writers' terminology that includes words like embezzlement and forgery is being broadened to include hacker terms like spamming, spoofing, smurfing and pinging.
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.
El smurfing contempla el empleo de cientos, quiza miles, de agentes que hacen las veces de portadores de efectivo y que realizan miles de depositos por cantidades inferiores a US$10.
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.
Cuckoo smurfing, also known as third-party payments, relies on a crooked insider in the banking or money transfer system with access to the bank details of innocent businesses or individuals.
A GANG who became the first crooks in Scotland to be convicted of a money-laundering scam known as cuckoo smurfing were yesterday jailed for almost 10 years.
Critics, say, however, that meth cooks are using a process commonly known as smurfing to get around the system.
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.
It provides protection from Denial of service (DoS) attacks such as SYN flooding, IP smurfing, LAND, ping of Death, and all reassembly attacks.
31 (480m hcap): Smurfing Melody (8), Coolcholly Rock (6), Tursdale Flashie (4), Sunridge Reece (4), Hariandlia (1), Contact Mavis (scr).
Race 4) SMURFING SHADOW is well boxed tonight and with a clear run can go close .