Launder

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Related to launderer: Money launderer

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 ?
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.
Arguments can certainly be made that hedge funds are not the most attractive (i.e., liquid) option for money launderers and that banks are performing AML procedures already.
As money launderers seek new targets, Martin Woods asks if businesses are ready to protect themselves.
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.
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.
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.
Money launderers sometimes prefer to pay taxes on their ill-gotten gains, as it legitimizes the transaction.
The successful money launderer closely approximates legal transactions employed routinely by legitimate businesses.
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.
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.
THE INTERCEPTOR BBC1 9pm Don't miss a thrilling turn by Neil Stuke (inset) playing a money launderer dubbed The Accountant.
The money launderer was ordered to cough up as far back as 2008.