smurfing

Prosecutors allege the gang used so-called smurfing, where a large sum of money is broken down into smaller amounts which are below the anti-money laundering alert threshold, to launder money, putting millions of euros in small-value bills into safety deposit boxes and later transferring them into accounts.

UIF chief Nieto said criminals typically split their illicit cash into small amounts and deposited them in various bank accounts, a technique known as “smurfing”.

Will it get overrun by cheating and smurfing, plagued by unrepentant jerks and trolls, or just outright fail to attract enough players to keep it appropriately balanced?

Europol says in a statement Wednesday that the gang also used a scheme called “smurfing,” whereby illicit proceeds are divided into small sums to avoid attracting attention and placed in bank accounts.

For this reason, AI is good at spotting smurfing attempts and accounts that are set up remotely by bots rather than humans, for example.