Complex sentence: The term "smurfing" is in widespread use in the context of money laundering, and has been known to appear in official Federal criminal indictments, however the more formal (and euphemistic) term is "structuring a deposit".
Split into simpler sentences: The term "smurfing" is in widespread use in the context of money laundering, and has been known to appear in official Federal criminal indictments. However the more formal (and euphemistic) term is "structuring a deposit".