Meaning of smurfer | Babel Free

Definitions

1. One who carries out a smurf attack.
2. Someone who engages in money laundering by making many transactions, each of which is for an amount below the threshold that requires the bank to report the transaction.

Examples

“He argued that the government would have to show that the smurfer knew about the banks ' filing requirements and deliberately structured his transaction to avoid the requirements.”

“Assume a smurfer goes to the bank numerous times in one day, and each time buys a cashier's check with cash for an amount less then $10,000, but in total greater than $10,000.”

“In one interesting case, a smurfer was caught with a number of caches of monies to be deposited. He told the police, correctly, that the monies did not belong to him. When the police compounded the monies the smurfer wisely asked for a receipt. He would have to convince his immediate superiors that he had not kept the monies himself.”

CEFR level