To move illegally acquired cash through financial systems so that it appears to be legally acquired. Bloomberg Financial Dictionary

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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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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:

  • launder — laun·der vt: to transfer (money or instruments deriving from illegal activity) so as to conceal the true nature and source launder money through an offshore account Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. launder …   Law dictionary

  • 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 Webster] 2. To …   The Collaborative International Dictionary of English

  • launder — (v.) 1660s, to wash linen, from noun launder one who washes (especially linen), mid 15c., a contraction of lavender, from O.Fr. lavandier washer, launderer, from M.L. lavandaria a washer, ultimately from L. lavare to wash (see LAVE (Cf. lave)).… …   Etymology dictionary

  • Launder — Laun der (l[add]n d[ e]r or l[aum]n d[ e]r), n. [Contracted fr. OE. lavender, F. lavandi[ e]re, LL. lavandena, from L. lavare to wash. See {Lave}.] 1. A washerwoman. [Obs.] [1913 Webster] 2. (Mining) A trough used by miners to receive the… …   The Collaborative International Dictionary of English

  • Launder — Launder. См. Лотковый конвейер. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • launder — [v] wash clean, cleanse, do the laundry*, do the washing*, rinse; concept 165 …   New thesaurus

  • launder — ► VERB 1) wash and iron (clothes or linen). 2) informal pass (illegally obtained money) through legitimate businesses or foreign banks to conceal its origins. DERIVATIVES launderer noun. ORIGIN originally denoting a person who washes linen: from… …   English terms dictionary

  • launder — [lôn′dər] n. [ME, contr. < lavender, washerwoman < OFr lavandier < ML lavandarius < LL lavandaria, things to be washed < L lavandus, ger. of L lavare, to wash: see LAVE1] a water trough, esp. one used in mining for washing dirt… …   English World dictionary

  • launder — [[t]lɔ͟ːndə(r)[/t]] launders, laundering, laundered 1) VERB When you launder clothes, sheets, and towels, you wash and iron them. [OLD FASHIONED] [V n] How many guests who expect clean towels every day in an hotel launder their own every day at… …   English dictionary

  • launder — launderable, adj. launderability, n. launderer, n. /lawn deuhr, lahn /, v.t. 1. to wash (clothes, linens, etc.). 2. to wash and iron (clothes). 3. Informal. a. to disguise the source of (illegal or secret funds or profits), usually by transmittal …   Universalium

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