Launder

(redirected from laundered)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia.
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 ?
4) 5 tee-shirts/11 pants (shirts to be laundered by employee; pants to be laundered by uniform
One element of the operation involved Bullock's chauffeur Leroy Holmes, who laundered more than $1.
20] The inability to determine the amount of money laundered impedes an adequate understanding of the magnitude of the crime, its macroeconomic effect, and the effectiveness of current counterlaundering efforts.
Millions of dollars in laundered cash have been linked to certain activities in the UAE.
At least $200 billion a year of the world's drug money is laundered offshore, according to the 1998 U.
Thus, the focus in considering whether a country or jurisdiction should be included in this category is on the significance of the amount of proceeds laundered, not of the anti-money laundering measures taken.
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.