Which of the following describes 'structuring' as a tactic in money laundering?

Structuring, also known as smurfing, is a technique used in money laundering where large amounts of illegally obtained cash are broken up into smaller, less suspicious amounts. This strategy is employed to avoid detection by financial institutions and regulatory bodies that monitor large transactions. By making multiple smaller deposits, the launderer reduces the chance of triggering scrutiny that larger sums might invoke.

The definition of structuring directly aligns with breaking up large amounts of cash into smaller deposits, as it aims to obscure the origins of the money while maintaining a façade of legitimate financial activity. This tactic allows individuals to evade regulations that require reporting of large cash transactions, effectively making illicit funds less visible to authorities.