Making multiple deposits of cash,or buying multiple bank drafts,which are checks issued by one bank against funds deposited in the bank that authorize a second bank to make payment to the entity named in the draft is

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Making multiple deposits of cash or buying multiple bank drafts to avoid reporting requirements is known as smurfing. This technique is often used by money launderers to avoid detection and to keep transactions under the radar of authorities. Shoulder smurfing is a similar technique where multiple individuals make small deposits to avoid reporting requirements. Check kiting is a type of check fraud in which funds are transferred between accounts to take advantage of the time delay in clearing checks. A black market peso exchange is a type of money laundering that involves trading goods or services for foreign currency, which is then used to pay off creditors or invest in other illegal activities.

Making Multiple Deposits of Cash,or Buying Multiple Bank Drafts,which Are