Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,313,290 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Smurfing

   Also found in: Wikipedia 0.01 sec.
Smurfing
The act of breaking down a transaction into smaller transactions to avoid regulatory requirements or an investigation by the authorities. For example, suppose a jurisdiction requires shareholders to register with regulators if they purchase more than 5% of a company's stock. A shareholder may smurf by having dummy shareholders purchase smaller quantities of stock so that he controls more than the statutory percentage but does not have to register. Smurfing is a crime in many jurisdictions.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
Smurfing is also used to convert large amounts of cash into money orders and traveler's checks.
Another deal, another dollar: it used to be that only financial ... by Rose, Ronald M. / Security Management
The smaller sums then can be deposited in a variety of banks; this is known as smurfing.
Money laundering: ring around the white collar: how hide-and-seek ... by Wells, Joseph T. / Journal of Accountancy
Fidelity writers' terminology that includes words like embezzlement and forgery is being broadened to include hacker terms like spamming, spoofing, smurfing and pinging.
High-Tech Fidelity by Goch, Lynna / Best's Review
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.