Description:

Frequent or high volume payments made in a short time that are low value. Could indicate smurfing activity or structuring of payments to avoid hitting payment filters or AML reporting thresholds.

Appears in:

• Acquisition Leveraged Finance
• Bond Futures
• Borrowing Base Facility
• Certificate of Deposit (Broker Acting as Principal)
• Certificate of Deposit (Broker Acting on Behalf of Client)
• Certificate of Deposit (Direct Interaction with Clients)
• Collateral Debt Obligation
• Convertible Bond
• Credit Facility
• Deposit
• Deposit (Direct with Client)
• Deposit (via Broker)
• Dual Currency Deposit (DCD)
• Equities
• Equity Futures
• Forward
• Forward Rate Agreement
• FX Forward
• FX Prime Brokerage (Continuous Linked Settlement)
• FX Prime Brokerage (Non-Continuous Linked Settlement)
• FX Spot
• General Bond
• International Services
• Liquidity Support Facility
• Money Market Futures and Short Interest Rate Futures
• Multi-Product Facility
• Non-Deliverable Forward
• Overdraft Facility
• Receivable Purchase Facility
• Revolving Credit Facility (Bilateral Agreement)
• Revolving Credit Facility (Syndicated)
• Standby Facility
• Trade Receivables Securitization

Addressed by:

• Investment Capped: Total investment curtailed at a low value due to internal policy.
• MAP CDD (Customer Due Diligence) for Virtual Asset Transactions: Requires due diligence on Virtual Asset wallets, addresses, and transaction hashes.