How to identify smurfing?

How can one effectively identify smurfing in the realm of cryptocurrency and finance? Is there a specific set of patterns or indicators that should be monitored for? What kind of due diligence measures should be taken to safeguard against this potentially nefarious activity? Furthermore, what are the potential consequences of failing to detect smurfing and how can they be mitigated? As a professional practitioner in this field, I'm eager to learn more about the strategies and techniques employed to combat this issue.