The money earned from Enrique's illegal drug cartel numbers in the millions, but the problem is what to do with the money. Enrique would like to put it someplace safe, but his pillow case is stuffed full. He begins to purchase expensive luxury items, structuring his payments below $10,000. He takes some of the other money and opens accounts below $10,000, routing the cash through cooperative banks until he can withdraw it freely.

Question

Quizplus · Accepted Answer

BEnrique's actions of making payments below $10,000 to avoid detection and reporting requirements is known as "smurfing." This is a form of money laundering where large amounts of money are broken into smaller, less suspicious amounts.

The Money Earned from Enrique's Illegal Drug Cartel Numbers in the Millions