laundering

laundering
launder laun‧der [ˈlɔːndə ǁ ˈlɒːndər] verb [transitive] LAW
launder money/​profits to put money which has been obtained illegally into legal businesses and bank accounts in order to hide where it was obtained:

• The bank had allegedly laundered money for drug dealers and other criminals.

— laundering noun [uncountable] :

• He was sentenced to three years in prison for money laundering.

• the laundering of drug profits through Panamanian banks and front companies

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   The covert action of passing money through secret channels or via a chain of financial transactions, to evade detection - often using offshore facilities. Laundering is often used to avoid sanctions or to mask an illegal source of funds, such as drugs and gambling.

* * *

launder UK US /ˈlɔːndər/ verb [T] LAW, FINANCE
to move money which has been earned illegally through banks and other businesses to make it seem to have been earned legally: launder funds/money/proceeds »

Officials were accused of laundering the stolen funds overseas before returning them to the US.

laundering noun [U]
»

The measure would have banned cash transfers to prevent the laundering of money.

launderer noun [C]
»

The sophistication of today's money launderers is such that only a small percentage ever get caught.


Financial and business terms. 2012.

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Look at other dictionaries:

  • Laundering — can refer to:*Money laundering, disguising the origin of illegally gained wealth *Clothes laundering, washing clothes …   Wikipedia

  • Laundering — Laun der*ing, n. The act, or occupation, of one who launders; washing and ironing. [1913 Webster] …   The Collaborative International Dictionary of English

  • Laundering — Launder Laun der, v. t. [imp. & p. p. {Laundered} (l[add]n d[ e]rd or l[aum]n d[ e]rd); p. pr. & vb. n. {Laundering}.] 1. To wash, as clothes; to wash, and to smooth with a flatiron or mangle; to wash and iron; as, to launder shirts. [1913… …   The Collaborative International Dictionary of English

  • laundering — noun Laundering is used after these nouns: ↑money …   Collocations dictionary

  • laundering — Term used to describe investment or other transfer of money flowing from racketeering, drug transactions, and other illegal sources into legitimate channels so that its original source cannot be traced. Money laundering is a federal crime. 18 U.S …   Black's law dictionary

  • laundering — Term used to describe investment or other transfer of money flowing from racketeering, drug transactions, and other illegal sources into legitimate channels so that its original source cannot be traced. Money laundering is a federal crime. 18 U.S …   Black's law dictionary

  • laundering — In counterdrug operations, the process of transforming drug money into a more manageable form while concealing its illicit origin. Foreign bank accounts and dummy corporations are used as shelters. See also counterdrug operations …   Military dictionary

  • laundering — noun The act, or occupation, of one who launders; washing and ironing …   Wiktionary

  • laundering — n. washing of clothes; pass illegal funds through an intermediary in order to disguise the source and make them appear legitimate laun·der || lÉ”ndÉ™(r) / lɔː v. do laundry; wash and iron; be washed; pass through an intermediary in order to… …   English contemporary dictionary

  • laundering — noun washing clothes and bed linens (Freq. 1) • Hypernyms: ↑wash, ↑washing, ↑lavation …   Useful english dictionary

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