In some schemes,what are persons used by money launderers to convert cash into money orders and cashier's checks known as?

Question

In some schemes,what are persons used by money launderers to convert cash into money orders and cashier's checks known as?​

Quizplus · Accepted Answer

Smurfs are persons used by money launderers to convert cash into money orders and cashier's checks. Mules are typically used to physically transport cash or illegal proceeds across borders. Ringers are individuals hired to pose as a legitimate business owner or investor. Flips refer to quickly buying and selling an asset in order to make a profit.

In Some Schemes,what Are Persons Used by Money Launderers to Convert