Cuckoo Smurfing: Beware this Complex Money Laundering Scheme
Named for the cuckoo bird, which lays its eggs in the nest of other bird species who unwittingly take care of them believing them to be their own, cuckoo smurfing is a complex money laundering scheme that looks to transfer funds through the bank accounts of innocent customers. Here are four steps in the cuckoo scheme process. [12/11]