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Money Laundering
(redirected from Money launderer)

    Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Money Laundering
Disguising the source of money generated through illegal activities so that it resembles legitimate income. Money laundering involves breaking up large amounts of cash into smaller transactions, changing its form through investments or deposits into bank accounts, and moving the money through seemingly legitimate businesses to bring it into mainstream economy.
Money Laundering
An illegal act in which one makes illegally obtained money appear to be legally obtained. For instance, one may route money obtained in drug trafficking through a shell company to give it the veneer of legitimacy. One formerly common example is the practice of exchanging illegally obtained money for coins and placing them into a soda machine. One then deposits money from the soda machine such that it looks like the money came from the purchase of sodas rather than from its real source.
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The country is known as a haven for money launderers and has refused to reply to police trying to seize their assets.
Assets shock by Evening Chronicle (Newcastle, England)
Money launderers are moving enormous sums through ports in Florida and other parts of the country by overvaluing or undervaluing exports and imports, said John Zdanowicz, a professor of finance at Florida International University.
Money Laundering in International Trade by Moj News Agency (Tehran, Iran)
The government body, a part of the Finance Ministry, was founded recently to monitor the gaming sector, which is suspected of abuse by money launderers.
Gambling soars in impoverished Albania by AFP / AFP Global Edition
 
 
 
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