Microstructuring

Definition:

A method of money laundering in which larger transactions are broken down into multiple smaller transactions to evade detection by authorities. For example, making multiple (under US$10,000) deposits in banks and withdrawing it in overseas countries.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Forward forward contract

In Eurocurrencies, a contract under which a deposit of fixed maturity is agreed to at a fixed price for future delivery.

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