launder

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Related to laundered: Laundered Money

money laundering

The criminal act or practice of processing large amounts of money obtained through illegitimate or illegal means, often in small increments through banks or other legitimate businesses, so as to conceal its source or origins. One of the clubs downtown was shut down last week on charges of suspected money laundering for a local criminal enterprise.
See also: launder, money

launder money

To process large amounts of money obtained through illegitimate or illegal means, often in small increments through banks or other legitimate businesses, so as to conceal its source or origins. One of the clubs downtown was shut down last week on charges of laundering money for a local criminal enterprise.
See also: launder, money

launder

tv. to conceal the source and nature of stolen or illicitly gotten money by moving it in and out of different financial institutions. (see also greenwash.) The woman’s sole function was to launder the money from drug deals.
References in periodicals archive ?
4) 4 tee-shirts/9 pants (shirts to be laundered by employee; pants to be laundered by uniform
3) 7 shirts/3 jeans (shirts to be laundered by uniform company; jeans to be laundered by
Although FATF has in the past hesitated about focusing on predicate offences and associated money laundering, it recognises that human trafficking and illegal immigration "would normally be considered predicate offences that generate illegal money that would somehow have to be laundered," Mr Schmoll told the MLB.
Once the exchanger has laundered the drug trade proceeds, he or she can sell them to Colombian importers who use them to buy goods in the United States or anywhere else.
Several employees who laundered the contributions are now part of O'Brien-Kreitzberg Inc.
The courts base suspects' sentences on the amounts they laundered, which is determined through their own business records.
He said the District Attorney's Office has to analyze what is appropriate and calculate how much money in laundered funds can be tied to Snyder.
A recent report by TowerGroup labels money laundering as "one of the world's largest businesses" and notes that roughly $1 trillion is laundered annually; about half of which passes through the United States.
The Los Angeles Ethics Commission approved a measure Thursday that bans individuals and companies from getting city contracts if they have laundered political contributions within four years.
Crimes that can generate laundered funds include crimes against the financial institution, terrorism and drug traffic, smuggling and arms traffic, crimes against the government, transfers made by criminal organizations, kidnapping ransoms and others.
In this second transaction, SIDHOM laundered an additional $33,000 of purported drug proceeds.