Smurfing involves the overstatement of a bank account by transferring funds at the end of the year to another bank account and failing to record the disbursement.

Name: Smurfing involves the overstatement of a bank account by transferring funds at the end of the year to another bank account and failing to record the disbursement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Smurfing actually involves the splitting of cash deposits into multiple smaller deposits to avoid detection by anti-money laundering measures.

Smurfing Involves the Overstatement of a Bank Account by Transferring