The practice of keeping payments for expensive items under the amount requiring a currency transaction report to launder illegal money is called:

Name: The practice of keeping payments for expensive items under the amount requiring a currency transaction report to launder illegal money is called:
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Question

The practice of keeping payments for expensive items under the amount requiring a currency transaction report to launder illegal money is called: ​

Quizplus · Accepted Answer

Smurfing involves breaking down large transactions into smaller ones to avoid detection and reporting requirements, commonly used in money laundering.

The Practice of Keeping Payments for Expensive Items Under the Amount