What is smurfing in SAP GRC-BIS - SAP Business Integrity Screening?

SAP Term: smurfing

• Component: GRC-BIS

• Component Name: SAP Business Integrity Screening

• Description: A form of money laundering, in which the payment of a high amount of money is disguised by making a number of smaller payments into an account. For example, instead of depositing $15,000, five payments of $3,000 are made.

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• Key Concepts: 
  Smurfing is a term used to describe the process of breaking up large transactions into smaller ones in order to avoid detection by anti-money laundering (AML) systems. It is a form of money laundering and is often used to hide the source of funds or to disguise the true purpose of a transaction. GRC-BIS SAP Business Integrity Screening is a tool that helps organizations detect and prevent smurfing by monitoring transactions for suspicious activity.
  
  How to use it: 
  GRC-BIS SAP Business Integrity Screening can be used to detect smurfing by monitoring transactions for suspicious activity. The tool can be configured to detect patterns that may indicate smurfing, such as multiple transactions of similar amounts or transactions that are sent to multiple recipients. The tool can also be used to monitor customer accounts for suspicious activity, such as large deposits or withdrawals.
  
  Tips & Tricks: 
  When using GRC-BIS SAP Business Integrity Screening, it is important to ensure that the tool is configured correctly in order to detect smurfing. It is also important to regularly review the results of the tool in order to identify any suspicious activity that may have been missed. Additionally, it is important to ensure that all employees are aware of the risks associated with smurfing and are trained on how to identify and report suspicious activity.
  
  Related Information: 
  GRC-BIS SAP Business Integrity Screening is part of the SAP Governance, Risk, and Compliance (GRC) suite of products. Other products in the suite include SAP Access Control, SAP Process Control, and SAP Risk Management. These products can be used together to help organizations manage risk and ensure compliance with regulations.