/ (u02c8smu025cu02d0fu026au014b) / noun. computing the activity of using a specially designed computer program to attack a computer network by flooding it with messages, thereby rendering it inoperable. the activity of laundering money by conducting a large number of small transactions through banks and bureaux de change.
What is smurfing money laundering? u201cSmurfingu201c, which is also known as u201cstructuringu201c, is the activity of breaking a large amount of money into smaller deposits and conducting multiple transactions to deposit the entire funds.
Similarly, Is smurfing the same as structuring? Structuring is a white-collar crime that involves moving large sums of money secretly by breaking them down into smaller amounts. Also known as u201csmurfing,u201d it describes the act of dividing illicit proceeds into small sums and placing them in multiple separate bank accounts to avoid attracting attention.
What are examples of structuring?
For example, if someone has $50,000 in cash to deposit in their bank, should they choose to deposit it through five deposits of $9,999 and one deposit of $5, with the intent to avoid the reporting requirement, they have committed the crime of structuring.
What is the meaning of conve?
1 : a meeting of people for a common purpose a teachers’ convention. 2 : a custom or a way of acting and doing things that is widely accepted and followed Follow the conventions of punctuation in your writing. 3 : agreement sense 3 a convention among nations.
Why is it called Smurf?
The reason this practice is commonly called « smurfing » comes from two Warcraft II players back in the ’90s. They were so good at the game that when other players saw their usernames come up in matchmaking, they would often leave to avoid getting crushed.
What are conventions examples? The definition of a convention is a meeting or assembly of people who share a common interest or a convention is a method, practice, rule or custom. An example of convention is a national meeting of English teachers. An example of convention is a rule about comma placement.
What is meant by group and convention? A convention is a meeting, usually of a particular group. Political parties, teachers, plumbers, gardeners, toymakers and computer designers all hold conventions.
What does the word liberty suggest?
1 : the quality or state of being free: a : the power to do as one pleases. b : freedom from physical restraint. c : freedom from arbitrary or despotic (see despot sense 1) control.
What is an example of smurfing? For example, a smurf may pack cash in a suitcase and smuggle it to another country for gambling, buying international currency, or other reasons.
What is social convention theory?
Social convention theory offers an explanation for how certain harmful social practices are self-enforcing social conventions, why they are universal in a community and why they are strongly resistant to change. Moreover, the theory explains how to organize the rapid mass abandonment of a convention.
What is customs and convention? A convention is a set of agreed, stipulated, or generally accepted standards, norms, social norms, or criteria, often taking the form of a custom.
What is the difference of Protocol and convention?
A convention is formal agreement between states and is usually an instrument negotiated under an international organisation. A protocol is one of the ways in which a convention can be modified. The amendments by protocols are not binding on all the states that have ratified the original convention.
What is the difference between assembly and convention?
Convention usually suggests a meeting of delegates representing political, church, social, or fraternal organizations. Assembly usually implies a meeting for a settled or customary purpose, as for discussion, legislation, or participation in a social function.
What is Article V Convention of States? Article V of the U.S. Constitution gives states the power to call a Convention of States to propose amendments. It takes 34 states to call the convention and 38 to ratify any amendments that are proposed.
What are conventions in law?
C. A convention is an unwritten understanding about how something in Parliament should be done which, although not legally enforceable, is almost universally observed. Occasionally a new convention is agreed in order to resolve a specific procedural issue that has arisen.
What is difference between liberty and freedom?
Thus liberty entails the responsible use of freedom under the rule of law without depriving anyone else of their freedom. Freedom is broader in that it represents a total lack of restraint or the unrestrained ability to fulfill one’s desires.
What does l mean in liberty? 4 liberation. 6 franchise, permission, license, privilege, immunity. See synonyms for liberty on Thesaurus.com.
What are Isaiah Berlin’s Two Concepts of Liberty explain?
Positive liberty may be understood as self-mastery. Berlin granted that both concepts of liberty represent valid human ideals, and that both forms of liberty are necessary in any free and civilised society.
What does washing money mean? Money laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it look clean.
What is KYC smurfing?
STEP 1: X deposits illegal proceeds into many bank accounts. The amount transferred is below the threshold level for reporting suspicious transactions. If Rs 10 lakh is the threshold level, deposits will be for Rs 9 lakh. This is called ‘smurfing’.
Is structuring deposits a crime? Structuring is a Crime
Typically, this means avoiding depositing more than $10,000 of cash at any one-time — to avoid a Currency Transaction Report (CTR) from being issued, and/or to avoid a potential Suspicious Activity Report (SAR) from being issued.
What are the 4 types of norms?
There are four key types of norms, with differing levels of scope and reach, significance and importance, and methods of enforcement and sanctioning of violations. These are, in order of significance, folkways, mores, taboos, and laws.
What is misperception of social norms? An important consequence of such social norm misconceptions, or “normative misperceptions,” is the potential engagement in unhealthy behaviors due to a false belief that such behaviors are commonplace amongst one’s peer group (McAlaney et al., 2011).
What is descriptive norm?
Descriptive norms refer to what most people in a group think, feel, or do; prescriptive or injunctive norms refer to what most people in a group approve of. The distinction here is between what is true of group members and what ought to be true of group members. In many cases, these two types of norms overlap.
What is an example of social convention? Social Norms Regarding Public Behavior
Shake hands when you meet someone. Make direct eye contact with the person you are speaking with. Unless the movie theater is crowded, do not sit right next to someone. Do not stand close enough to a stranger to touch arms or hips.
What are conventions in film? In film, conventions are used to represent certain topics, characters and events, and more. When you start to scrutinise these conventions, you’ll find that, often, they are used to shape how we think about a character or event. When it comes to characters, conventions can easily turn into stereotypes.