Launder

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Related to laundered: Laundered Money

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.
References in periodicals archive ?
3) 9 shirts/4 jeans (shirts to be laundered by uniform company; jeans to be laundered by
Admittedly, that's not quite the same as targeting the money laundering process itself but the report makes clear there are special factors at work in this area, notably the difference between cross-border cash transfers which are made in order to run the business and funds which are being laundered.
Integration, the final money laundering stage, is the unnoticed reinsertion of successfully laundered, untraceable proceeds into an economy.
A report prepared by the Democratic staff of the Senate Permanent Subcommittee on Investigations ("PSI") made accusations that several Argentine financial institutions laundered money from drug dealing and bribery, creating serious political problems for President De la Rua.
4 billion repair project came under attack Wednesday after the state released information that a predecessor of the company laundered campaign contributions to the MTA.
These documents reveal valuable information as to the amount of money laundered and how the suspects packaged, transported, disguised, and hid these funds.
The charges allege that the businesses received illegal gambling proceeds from video gambling machines and laundered those profits by commingling them with income from other, legitimate business activities.
The International Monetary Fund estimates that between $800 billion and $2 trillion is laundered each year worldwide.