Launder(redirected from launders)
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To move illegally acquired cash through financial systems so that it appears to be legally acquired.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved