What is money laundering example?
Money laundering is the practice of making money that was gained through criminal means, such as smuggling weapons, look as if it came from a legitimate business activity.
How do people launder money through banks?
Variants of Money Laundering
One common form of money laundering is called
Smurf Definition – Investopedia
(also known as “structuring”). This is where the criminal breaks up large chunks of cash into multiple small deposits, often spreading them over many different accounts, to avoid detection.