Smurf

Smurf

Colloquial term for a money launderer. Also refers to one who seeks to evade scrutiny from government agencies by breaking up a transaction involving a large amount of money into smaller transactions that are below the reporting threshold. The term is derived from the cartoon characters known as The Smurfs.

In order to prevent money laundering by criminals involved in illegal activities that involve large sums of cash, such as drugs and extortion, countries like the United States and Canada require that a currency transaction report be filed by a financial institution handling a transaction that exceeds $10,000 in cash. Therefore, a criminal group with $50,000 in cash to launder may use several smurfs to deposit anywhere from $5,000 to $9,000 in a number of accounts that are geographically dispersed. This would be below the reporting threshold.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • smurf — smurf …   Dictionnaire des rimes

  • smurf — [ smɶrf ] n. m. • 1983; n. angl. du Schtroumpf, personnage de bande dessinée ♦ Danse caractérisée par des mouvements syncopés et ondulatoires évoquant ceux du robot ou du mime. V. intr. <conjug. : 1> SMURFER ; n. SMURFEUR, EUSE . ● smurf… …   Encyclopédie Universelle

  • Smurf — Pour Les Schtroumpfs (The Smurfs en anglais), voir Schtroumpf. Smurf est une appellation erronée du popping. Cette appellation ne s est répandue qu en France et en Allemagne. Cette erreur tient son origine de la bande originale américaine du film …   Wikipédia en Français

  • Smurf — Der Begriff Smurf bezeichnet eine belgische Comicfigur, siehe Die Schlümpfe Smurf Account, einen Begriff bei Online Computerspielen, siehe Computerspieler Jargon#S eine Angriffsmöglichkeit in TCP/IP Netzen, siehe Smurf Attacke Smurf… …   Deutsch Wikipedia

  • smurf — [sma^f] 1. n. someone who “cleans” ill gotten money by buying cashier’s checks at banks and shifting funds from place to place. (Underworld. From the name of a type of cartoon character. See also greenwash, launder.) □ I think the guy at the… …   Dictionary of American slang and colloquial expressions

  • smurf — 1) A word that can be substituted for any other word. My computer was so smurfed that I had to hit it with a big smurf. 2) Name used for a child. Awww, look at that l il smurf! …   Dictionary of american slang

  • smurf — 1) A word that can be substituted for any other word. My computer was so smurfed that I had to hit it with a big smurf. 2) Name used for a child. Awww, look at that l il smurf! …   Dictionary of american slang

  • Smurf — ● n. m. ►SECU Attaque ICMP faite indirectement sur un réseau avec des adresses forgées. L objectif est de faire s écrouler le réseau Ethernet visé. On envoit des ICMP ECHO REQUEST sur une adresse de broadcast. Les machines concernées, de… …   Dictionnaire d'informatique francophone

  • Smurf: Rescue in Gargamel's Castle — Desarrolladora(s) Coleco Distribuidora(s) Coleco Plataforma(s) ColecoVision Atari 2600 …   Wikipedia Español

  • Smurf (disambiguation) — Smurf can refer to: *The Smurfs, fictional tiny blue humanoids created by Belgian cartoonist Peyo in 1957 *Smurf attack, a type of denial of service (DoS) attack on computer networks *Smurfing (crime), a term related to money laundering *Smurfing …   Wikipedia

  • Smurf Mountain — was a powered train ride located at Kings Dominion amusement park in Doswell, Virginia.It was located in what was at the time was called the Safari Village section of the park. It was inside of the Lost World Mountain, which is a giant styrofoam… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”