Australia warns public about ‘cuckoo smurfing’; innocent people may end up with criminal profits in their bank accounts - AML Intelligence
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Australia warns public about ‘cuckoo smurfing’; innocent people may end up with criminal profits in their bank accounts

By Dan Byrne for AMLi

The Australian Government has issued a warning to business and customers about a laundering technique called ‘cuckoo smurfing’.

The nation’s financial intelligence agency AUSTRAC released a new guide that enables members of the public to spot the technique – one that can regularly land dirty money in the bank accounts of innocent people.

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