Structuring (or smurfing) involves breaking large sums of money into smaller transactions to avoid detection by financial institutions, typically to bypass reporting thresholds. It's illegal and often used in money laundering, triggering Suspicious Activity Reports (SARs).
Money laundering involves three stages: Placement (introducing illicit funds), Layering (obscuring the source through complex transactions), and Integration (reintroducing "clean" money). It weakens financial systems, fuels corruption, and distorts economies globally.
Anti-Money Laundering guide provides an in-depth overview of AML practices, regulations, and strategies essential for preventing financial crimes.
