Smurfing in Money Laundering: How Criminals Break It Down, And How AI Detects It
Forty-seven individuals walk into branches of three different banks across a mid-sized Indian city over the course of 30 days. Each one makes a cash deposit. Each deposit is between ₹45,000 and ₹49,500. No single transaction crosses the ₹50,000 threshold that would require additional documentation. No individual visits the same branch twice in a week. None of them are on any watchlist.
On paper, nothing happened.
In reality, ₹2.1 crore in illicit funds just entered the formal financial system: clean, undetected, and ready for the next stage of laundering.