Launder

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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 ?
It questioned, for instance, how it was possible for Universal to increase the amount of laundry it processed each fiscal year while the inpatient population at the VA's Albany facility was declining.
Heavy-gauge laundry hamper, chrome plated with handles and canvas insert.
Some green laundry practices are just common sense.
To dry, hanging laundry must be cooler than the surrounding air.
Their commercial laundry service also comes with pickup and drop off laundry delivery.
Some 1.2 million items a year are processed through the laundry, equivalent to 4,615 items a day, attended to by a dedicated team of 16 staff.
EVI Industries, Inc., through its wholly-owned subsidiaries, is a distributor that generates revenues by selling, leasing or renting, through its sales organisation, commercial, industrial and vended laundry, dry-cleaning, and material handling equipment, steam and hot water boilers, water reuse and filtration systems, and related replacement parts and accessories.
Whirlpool-Maytag offers an extended line of commercial and industrial laundry equipment such as washers, dryers, and stackable units for you to select from that offer reliable performance and high-energy savings.
Corpus said one of the most important components of a successful laundry business primarily depends on the machines' speed, capacity and durability.
"The other trend we have observed is a big increase in purchasing through retail, which now represents 17% of institutional laundry category sales," said Mahecha.
The initiative "plays an important role in ensuring numerous key benefits to consumers", including informing consumers of the advertised services that are actually provided by the laundry. It also compels laundries to clearly inform consumers whether these advertised services are actually offered at the same shop, or through another one.