launder

(redirected from launderer)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to launderer: Money launderer
Like this video? Subscribe to our free daily email and get a new idiom video every day!

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 ?
Those corporate entities operating outside of the traditional regulated sector are now within the scope of the launderers and by extension the authorities pursuing the launderers.
Once a bearer security has been issued, money launderers or terrorist financiers can hold these securities or transfer them to an intended recipient" without using reputable financial facilities that would even record a transaction, let alone conduct know-your-customer checks.
Additionally, since money launderers gravitate toward a small cadre of lawyers and brokers to accomplish their illegal goals, be wary of professionals with questionable reputations.
Identify bank customers: because launderers covet anonymity for their clandestine activity, institutions must identify their customers and pass pertinent information to the appropriate authorities.
A miscast Ewan McGregor plays a teacher who, on holiday with his wife (Naomie Harris), becomes embroiled in a sinister - not to mention impenetrable - conspiracy involving the Russian mafia, the British Secret Service and a money launderer.
Luis Santiago Calle Quiros and Maria Paloma Rodriguez Badillo are longtime partners of Colombian money launderer Isc Perez Guberek Ravinovicz, who, along with his son, Henry Guberek Grimberg, and his secretary, Johanna Patricia Ceballos Bueno, were designated under the Kingpin Act by OFAC on July 9, 2013.
A CONVICTED money launderer who splashed out on a home in Barbados has been ordered by a judge to pay back pounds 500,000.
Also, noted FATF, using metals "a launderer can misrepresent the quality or type of good", over-invoicing to hide illegal money.
Launderers thrive on secrecy, and it is far safer for an innocent business person not to let on that they know what the launderer is up to.
At his height, he was the richest money launderer in Europe -keeping pounds 1m in used notes as ``petty cash''.
These extended Guerins are so bland that you almost can't blame Veronica for preferring the company of her untrustworthy but intriguingly gamy underworld informer, a pimp and money launderer named John Traynor (Ciaran Hinds).
The person being asked to help might have no idea at all that the proposal is coming from a money launderer and that they could find themselves being prosecuted for far more than just helping someone to avoid tax.
A MERSEYSIDE man is due to appear in court today accused of being the first ever money launderer in euros.
Kenneth Rijock, a former career money launderer for a narcotics trafficking organization, criticized law enforcement efforts as being conducted by agents and officers without advanced degrees in finance and law, and who generally never worked in a commercial business setting.