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Structuring, also known as smurfing in banking jargon, is the practice of executing financial transactions such as making bank deposits in a specific pattern, calculated to avoid triggering financial institutions to file reports required by law, such as the United States' Bank Secrecy Act (BSA) and Internal Revenue Code section 6050I (relating to the requirement to file Form 8300).
A Smurf amplifier is a computer network that lends itself to being used in a Smurf attack. Smurf amplifiers act to worsen the severity of a Smurf attack because they are configured in such a way that they generate a large number of ICMP replies to the victim at the spoofed source IP address.
These include "bank methods, smurfing [also known as structuring], currency exchanges, and double-invoicing". [15] Structuring: Often known as smurfing, is a method of placement whereby cash is broken into smaller deposits of money, used to defeat suspicion of money laundering and to avoid anti-money laundering reporting requirements. A sub ...
Smurf (Smurf language), an undefinable word and derivatives (including "smurfing") used as both verb and noun within the fictional Smurfs franchise; Smurfette, a female character from The Smurfs; The Smurfs, Belgian comic series, created by Peyo; The Smurfs, a 2011 film directed by Raja Gosnell, based on the comic franchise
A money mule, sometimes called a "smurfer", [1] is a person who transfers money acquired illegally, such as by theft or fraud. Money mules transfer funds in person, through a courier service, or electronically, on behalf of others. Typically, the mule is paid for services with a small part of the money transferred.
A characteristic of the Smurf language is the frequent use of the undefinable word "smurf" and its derivatives in a variety of meanings. The Smurfs frequently replace both nouns and verbs in everyday speech with the word "smurf": "We're going smurfing on the River Smurf today". When used as a verb, "to smurf" typically means "to make", "to be ...
Holiday names are usually pretty straightforward. New Year's, Thanksgiving and — perhaps least creatively, the 4th of July — all have origins that are fairly easy to figure out.
A related term, smurfing also exists. [7] Often used in video gaming, smurfing describes a situation in which "a highly-skilled player creates a secondary account as a disguise to play against less proficient opponents." [8] The term originates from two Warcraft II players employing the strategy under the names "Papa Smurf" and "Smurfette". [9]