Structuring
id:
structuring-189-8765051
title:
Structuring
text:
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. Structuring may be done in the context of money laundering, fraud, and other financial crimes. Legal restrictions on structuring are concerned with limiting the si
brand slug:
wiki
category slug:
encyclopedia
description:
Redesigning of a large transaction as multiple small transactions to avoid scrutiny
original url:
https://en.wikipedia.org/wiki/Structuring
date created:
2004-05-16T02:15:11Z
date modified:
2024-09-09T11:16:19Z
main entity:
{"identifier":"Q381442","url":"https://www.wikidata.org/entity/Q381442"}
image:
fields total:
13
integrity:
15