Launder

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

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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References in periodicals archive

While Escobar was the notorious "Cocaine King" - who netted a [euro]25billion fortune before dying in a police raid in 1993 - it was the money launderers and fixers who made the illegal trade tick.

Undercover in the drug cartel; INSIDE THE BIGGEST TAKE-DOWN IN U.S. HISTORY; Agent Bob Mazur spent five years pretending to some of the scariest men on Earth that he was one of them; EXCLUSIVE

As money launderers seek new targets, Martin Woods asks if businesses are ready to protect themselves.

Money launderers on the move

Furthermore, some bearer bonds "are almost equivalent to cash because they can be easily redeemed at financial institutions," a gift to money launderers. FATF explained: "Illicit assets can be placed in the securities industry through the purchase of bearer securities.

Securities markets let criminals double dip--vulnerable to fraud and money laundering

Since giving up his criminal career, Rijock has also trained undercover agents for the Royal Canadian Mounted Police, acting as a money launderer in an undercover role on behalf of law enforcement in Florida, and on behalf of network television in the tax havens of the Caribbean, and acting as consultant in money laundering tactics for a major Hollywood motion picture studio.

The inside track on money laundering

Thanks primarily to a booming drug trade, more sophisticated techniques used by launderers, a weak economy and corruption, money laundering remains out of control here.

Freshly washed: drug dealers, corporate swindlers cash in profits as money laundering continues to damage national image

Money launderers sometimes prefer to pay taxes on their ill-gotten gains, as it legitimizes the transaction.

Money laundering: ring around the white collar: how hide-and-seek becomes a game for auditors

The successful money launderer closely approximates legal transactions employed routinely by legitimate businesses.

Money Laundering

MISSION While Escobar was the notorious "Cocaine King" - who netted a PS20billion fortune before dying in a police raid in 1993 - it was the money launderers and fixers who made the illegal trade tick.

DRUGS FORTUNE hran n Undercover in the drug cartel; INSIDE THE BIGGEST take-down in u.s. history Agent Bob Mazur spent five years pretending to some of the scariest men on Earth that he was one of them

A miscast Ewan McGregor plays a teacher who, on holiday with his wife (Naomie Harris) in Marrakech, Morocco, becomes unwittingly embroiled in a sinister (not to mention impenetrable) conspiracy involving the Russian mafia, the British secret service and a money launderer.

Dazed and confused

THE INTERCEPTOR BBC1 9pm Don't miss a thrilling turn by Neil Stuke (inset) playing a money launderer dubbed The Accountant.

3TO SEE; WEDNESDAY June 24

The money launderer was ordered to cough up as far back as 2008.

on to Downing Street. Laughing at justice