Term of the Day: Smurf

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	INVESTOPEDIA Term Of The Day October 21, 2015 Smurf Colloquial term for a money launderer. Also refers to one who seeks to evade scrutiny from government agencies by breaking up a transaction involving a large amount of money into smaller transactions that are below the reporting threshold. The term is derived from the cartoon characters known as The Smurfs. Breaking It Down: In order to prevent money laundering by criminals involved in illegal activities that involve large sums of cash... Read More Related to "Smurf" Top Broker Excuses For Poor Investments It is not uncommon for investors to lose money through misselling or other forms of... Read More Defining Illegal Insider Trading When hearing news stories about illegal insider trading activity, investors usually take notice because it's... Read More Uncovering A Career In Forensic Accounting Forensic accountants are financial detectives who audit, investigate and ascertain the accuracy of... Read More Recently Added Definitions Venture Capitalist A venture capitalist is an investor who either provides capital to startup ventures or supports small companies that... Read More Surplus Surplus is the amount of an asset or resource that exceeds the portion that is utilized. A surplus is used to describe... Read More Related Definitions Suspicious Activity Report - SAR Anti Money Laundering - AML Money Laundering Currency Transaction Report - CTR Gazunder Past Terms of the Day Elves Sleeping Beauty Leprechaun Leader Goldilocks Economy Mad Hatter You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Manage Subscriptions Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: