A compliance officer is reviewing a customer's account that shows frequent large cash deposits followed by immediate wire transfers to a high-risk jurisdiction. What is the most likely money laundering typology being observed?

Structuring, also known as "smurfing," refers to breaking down large amounts of cash into smaller, less suspicious deposits to avoid detection. While it involves cash deposits, the scenario describes immediate wire transfers, indicating a more complex layering process rather than merely structuring.

Trade-based money laundering involves disguising illicit funds through international trade transactions. This method typically includes under- or over-invoicing goods. However, the scenario does not mention any trade activities, focusing instead on cash deposits and wire transfers, indicating layering rather than trade-based methods.

Smurfing is a form of structuring that involves multiple individuals making small deposits to avoid detection. While it may initially seem relevant due to the cash deposits, the immediate wire transfers to a high-risk jurisdiction suggest a more sophisticated method of obscuring the source of funds, which aligns with layering.