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Investments glossary

Smurf

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Quotes of the day:

Business strategies can interestingly be assimilated with medicinal drugs. There are no better or worse strategies. There are only adequately adopted business strategies or inappropriately selected and implemented strategies.

— Abderrahman Hassi

A smurf is a money launderer or someone who seeks to evade scrutiny from government agencies by breaking up a transaction involving a large amount of money into smaller transactions below the reporting threshold. Smurfing involves depositing illegally gained money into bank accounts for under-the-radar transfer in the near future.


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