Smurfing


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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.
References in periodicals archive ?
In 2013, police got a tip-off that Hameed was involved in a huge cashlaundering operation known as cuckoo smurfing.
Cuckoo smurfers jailed over PS75,000 dirty cash; CAGED MONEY-LAUNDERING GANG Scots crooks hid PS700k of ill-gotten gains
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.
New Zealand Pacific money laundering organised crime risk
Pseudoephedrine, although now more difficult to acquire in bulk, remains accessible via two routes, known as "inter- state smurfing" and "group smurfing.
Drug makers, other critics seek to block anti-meth provision
28 (480m): Beijing Suzie (11), Smurfing Melody (9), No Joke Polo (6), Contact Mavis (4), Shay's Star (scr).
SPORT IN BRIEF
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.
Oasis v The Smurfs; Gallagher under siege from Belgian blue wave
48 (480m): Dipton Venus, Gortin Star, Smurfing Melody, Fully Tuned, Humble Pie (W), Stay Black (W).
GREYHOUNDS; SPORT IN BRIEF
LOVIN' IT Huey Morgan PIN PALS Fun at the festival SPLOSH PIT Crowd brave the rain at the Main Stage FYFFE'S ACROWD Australians Ella Tracey, Sian Owens, Emily Neal, Alice Ward and Sue Thomas THEIR NAME IS RIO The carnival spirit was in full swing yesterday GOOD IN THE HOOD ALL n GOOD IN THE HOOD Music fans sing along CROWD SMURFING Revellers in fancy dress at the festival HEY BERT Punter with Sesame Street hat POP IDOL Script man meets the adoring fans DANNY JOY Lead singer Danny O'Donoghue belts out the hits on the Main Stage last night FRONTMAN Danny works the stage
GOING A STORM; DAY ONE
Reserves: Alanas Storm, Balbec Jake, Bankfoot Lilly, Dum Blonde (W), Fully Tuned, Gragane Girl, Iknowyouknow, Lil Eve, Mike Melody (W), Smurfing Melody, Swift Keyra, Tyrur Richie, Whos Dessie (W).
SPORT IN BRIEF
The cute little characters who first came to fame more than a decade ago will be smurfing their way to toy shops.
Top Pog
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.
All money laundering and financial crimes countries/jurisdictions
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