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Money Laundering
(redirected from Money launderers)

    Also found in: Legal, Wikipedia 0.07 sec.
Money Laundering
The process of creating the appearance that large amounts of money obtained from serious crimes, such as drug trafficking or terrorist activity, originated from a legitimate source.

Notes:
Some estimate the size of the problem is over $500 billion annually. Often thought of as a victimless crime, money laundering is a very serious issue. Without it, international organized crime would not be able to function.


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