Conducting small cash transactions at multiple locations during the same day is the strongest example of avoiding reporting thresholds. This is a common technique used by money launderers to evade the attention of financial institutions and regulators, who are required to report cash transactions above a certain amount (usually $10,000) to the authorities. By splitting the large sum of money into smaller amounts and depositing them at different branches or ATMs, the money launderer can avoid triggering the reporting requirement and conceal the source and destination of the funds. This practice is also known as smurfing or structuring12.
ACAMS CAMS Certification Study Guide, 6th Edition, Chapter 2, page 36
ACAMS CAMS Certification Video Training Course, Module 2, Lesson 2.2, Structuring and Smurfing
1, Smurfing Money Laundering: Mechanics, Detection, and Prevention
2, AML & eWallets - The Risks & How To Comply | ComplyAdvantage
