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.
liquid) option for money launderers and that banks are performing AML procedures already.
Of course as AML laws and regulations are enhanced, the money launderers evolve and adapt.
One problem, noted FATF is that suspicious transaction reporting in the sector remains relatively low, partly because of a lack of awareness of its vulnerability to launderers and "insufficient securities-specific indicators and case studies," a weakness its report aims to remedy.
Unfortunately, Mexico, which boasts the world's 11th-largest economy and a GDP in 2003 of US$626 billion, is considered a major home for money launderers, many of whom are tied to the leviathan drug trade.
Money launderers sometimes prefer to pay taxes on their ill-gotten gains, as it legitimizes the transaction.
To pursue the evidentiary trail of a money launderer, law enforcement agencies must identify and use tools and techniques that can help them when crossing international boundaries.
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.
MISCAST: Ewan McGregor 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.
These individuals and entities comprise a Spain-based money laundering cell that moves illicit narcotics proceeds from Europe to Colombia and operates under the direction of Colombian money launderer Isc Perez Guberek Ravinovicz.
A CONVICTED PS10million money launderer was on the run last night after he failed to appear in court for sentencing.