Cuckoo Smurfing

This requires an insider in a financial institution, often a money remitter or alternative remittance system. The first step is when a customer provides money to an alternative remittance system for transfer to a bank account in a foreign country. Rather than sending the money to the destination, the insider advises an accomplice in the destination country of the bank account details of where the cash should have been sent. The associate then deposits dirty cash into the unwitting customer’s account, who believes that it is the international transfer they awaited. Then the alternative remitter provides the funds to the associate, who has swapped dirty money for clean money received from the remitter, which is supported by a genuine receipt.

The bank account used here is often innocent, but the cash deposit would be by a launderer, so retain CCTV footage.

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